Politics

GOP senator claps back at Trump tariff cost projections: ‘Uncharted waters’

While senator Chuck Schumer, DN.Y. , Bin Ray Logan, de. D.

“I followed what all these economists say. Most of them make these psychological hot lines late at night seem respectable,” Kennedy told Fox News Digital in Capitol. “They do not know more than anyone else. We are in unknown water here.”

According to Sumer and Wogan, Americans may expect to see the costs that rise enough to equal a $ 5,000 tax annually on American families.

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president Donald Trump holds a scheme as he provides notes on mutual definitions during the “Make America Wealthy Again” event in the White House garden in Washington, DC, April 2, 2025. (Brendan Smaliowski/AFP via Getty Images)

“When the ordinary American family falls and tries to know how to pay the costs of things, and they hear that they may pay more than $ 5,000 than they had to pay before – and they may not be able to buy a new car, they may not be able to support that new drugs that the grandmother needs, and they may not be able to take that vacation they plan for the year – they will choose that” Schumer “said that the contestants.

“It is a huge tax on American families. All – everyone – To help billionaires obtain a tax reduction. “

Logan loaned from Schumer, pointing to the economists that Kennedy had exploded as less respectful than “the psychological hotline late at night.”

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“There is no doubt that it is the American people who will pay this.” “The Actavors who have been proposed and other economists indicate that this will be a national sales tax on the American people of about $ 5,000 a year. This is not true.

“If the president is open to the use of targeted tariffs as a tool – which is open to it and I think others – this is one thing.” “But when it is arbitrary in all fields and tries to slap the numbers … I am very concerned about my components that will pay their pocket.”

Sens. Schumer, Kennedy, and Lujan, from left to right

Senator Chuck Shomer, DN.Y; Senator John Kennedy, R does not. Bin Ray Logan, Den. (Gettty Images; Fox News)

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Kennedy has argued that such expectations had no basis in reality.

“The truth is that we do not know. These economists do not know,” Kennedy insisted. “This is an unknown water. We have not had this type of definition for a long time. This may be positive. President Trump has carried out the definitions in his first term. It did not harm the economy. This may be negative. All I say is that in Washington, DC, for every economist, there is equal and similar economy, and they are usually wrong.”

2025-04-05 00:30:00

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