Hakeem Jeffries on Tariffs: The One Big Ugly Bill Hurts Americans, Rewards Their Billionaire Donors with ‘Massive Tax Rates’

RUSH TRANSCRIPT:
SHARPTON: “Now, President Trump is in Europe in in route to Asia, where he’s expected to meet with China’s President Xi shipping. After he slapped new 100% tariffs on China due to a dispute over rare earth minerals earlier this week, he said we’re suspending trade talks with Canada because he didn’t like an ad paid for by the province of Ontario, featuring audio from Ronald Reagan criticizing tariffs, meeting with. Xi over in the Asia conference, hitting at Canada. I mean, congressman, do you see an actual strategy behind Trump’s trade wars?”

Jeffries: “No, there’s been no strategy. And we know that the Trump tariffs have increased costs on everyday Americans by thousands of dollars per year, which is part of the reality that under this administration and they’re one big ugly bill, they’ve hurt everyday Americans as part of an effort to reward their billionaire donors with massive tax rates. That’s what the one big ugly bill has been all about. And everything that this administration has done, including what we’ve seen just yesterday where we had inflation numbers that have been the highest throughout this presidency since January, showing once again that costs are increasing and moving in the wrong direction. And Donald Trump and Republicans, unfortunately, could care less.”