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Washington – Senate’s minority leader, Chuck Schumer (DN.Y.) On Thursday he harshly criticized President Donald Trump’s new rates, saying that they will result in deep economic pain for millions of families and companies throughout the country.

He also pointed out that Democrats are ready to offend, dictating as the party fighting for everyday Americans while Trump destroys the stock market and Republicans replicate a budget measure that benefits billionaires. The Republican Party, for one of the first times in Trump’s second era, is politically on the back and divides how to respond.

“Yesterday, the president made one of the most silly decisions in history, one that will negatively affect each American family, each one,” Schumer accused at a press conference, flanked by other Democratic senators. “It is walking us in the most silly and avoidable recession, probably in history.”

His press event occurs a day after Trump announced his general tariffs in all US commercial partners. The president’s actions have sent to the global markets to a tail tail, and at the beginning of us on Thursday, he had deleted approximately $ 2.5 billion of the S&P 500.

“The stock market has collapsed. Retirement savings are bewitching. Consumer confidence is decreasing. Consumer expectations for the future are historically low,” said Schumer. “The average American family will pay more for everything: for food, gas, cars, groceries, clothes, beer, for you. It makes no sense.”

Senator Ron Wyden.

“It is the poison that will extend through the earth,” Wyden said.

In comparison, the leader of the majority of the Senate John Thune (Sn.D.) dodged the questions about tariffs in Capitol Hill, referring to the president’s history about the economy instead of defending his specific actions.

“We will give you the benefit of the doubt and see how it goes,” He told CNN.

The leader of the Senate minority, Chuck Schumer (Dn.y.) is blaming the Senate Republicans for the financial pain that Americans will feel as a result of the radical tariffs of President Donald Trump.
The leader of the Senate minority, Chuck Schumer (Dn.y.) is blaming the Senate Republicans for the financial pain that Americans will feel as a result of the radical tariffs of President Donald Trump.

AP/Getty

The same day that the new Trump tariffs came into force, the Senate approved a disapproval resolution of the tariffs imposed in Canada earlier this year, with four Republicans: Rand Paul and Mitch McConnell of Kentucky, Lisa Murkowski of Alaska and Susan Collins de Maine, joining the 47 Senate Democrats to vote The Bill.

The Senator of Virginia, Tim Kaine, a Democrat who was the main sponsor of the resolution, planned to introduce a similar resolution to cancel the rates Trump launched on Tuesday. And in a debate ready for hours on Friday, the part also plans to introduce amendments to the Senate Budget proposal designed to highlight the support of the Republican Party to unpopular measures.

Most Republicans are still standing with Trump’s rates, although in silence. But there are signs that some are starting to break. Early Thursday, Senator Chuck Grassley (R-Iowa) He presented an invoice with Senator Maria Cantwell (D-Wash.) To restore the limits of a president’s ability to impose unilateral tariffs without the approval of Congress.

“For too long, Congress has delegated its clear authority to regulate interstate and foreign trade to the Executive Power,” said Grassley in a statement. “I will join Senator Cantwell to present the Bipartisan Commercial Review Law of 2025 to reaffirm the constitutional role of Congress and ensure that Congress has a voice in commercial policy.”

Other Republicans also seemed nervous about the impact of tariffs. Talking to NewsSenator Ron Johnson (R-Wis.), A firm ally of the president, was not willing to directly defend the policy.

“YO Do not have the president’s strongly sustained belief [that] This has to be done absolutely, “Johnson said.” But he is president, I am not, he ran about this, and I hope he is right. “

In the surveys carried out before the formal launch of the tariffs on Wednesday, the skepticism of restricting free trade was growing. A March survey Made by Gallup He discovered that an 81% record of Americans thought that foreign trade was an opportunity for economic growth for the United States, while a minimum 14% record thought it was a threat to the economy.

And a Marquette Law Faculty Survey They launched this week found that only 28% of Americans thought tariffs helped the economy of the United States, while 58% thought they hurt the economy. Even among the white men who did not go to college, generally the strongest supporters of Trump, only 44% thought that rates would help the economy.

Democrats have a particularly hopeful hope that Trump’s rates attacked provide a route back to the winning voters of the working class, a group with which they have fought from the 2016 elections. A projection From the Budget Laboratory at Yale University, he discovered that the average American family would pay $ 3,000 more per year due to tariffs, eating almost 3% of annual income available.

And the families of the working class could suffer more: Trump’s tariffs would eat 4% of the income of the poorest households, while only 1.6% of the income of the richest families.

“It is walking us in the most silly and avoidable recession, probably in history.”

– Leader of the Chuck Schumer Senate Minority (DN.Y.) on Trump’s rates.

Grassley’s decision to present a bill that reaffirms the power of Congress on tariffs caught the attention of some in their state. In a Thursday call with journalists organized by Equity for Iowa, a local base campaign, small businesses shared concerns about how Trump’s tariffs would harm them.

“Even Republicans like Chuck Grassley know how incredibly unpopular these rates are,” said Shawn Phetteplace of Main Street Alliance, a network of approximately 30,000 owners of small businesses that support the policies of the left.

Mike Draper, the founder and owner of Raygun, a company -based t -shirt company, said he is concerned about how his company will be affected, even when he uses products made in the United States.

“Take something as simple as a shirt,” Draper said. “One of our shirts, one could say, comes from Mexico. And now there is a rate of 6%. Therefore, costs can climb 6%. But the fabric for that shirt actually comes from the US. UU. It is made with American cotton. It bothers here, so it crosses Mexico. Therefore, if Mexico wants to retaliate, they can add a cost. Well, now the cost of the fabric has increased.”

And that’s not all. Although the shirts are usually made with cotton and polyester, which is based on oil, he said, if tariffs make the input costs increase to make those two products, for things like pesticides or production equipment, that means that costs increase again for Raygun.

“Do we happen to customers? No,” Draper said. “We fear losing market share above all. Therefore, we will simply absorb the costs and become less profitable, and we will pay other people what we need to pay so that the products move forward.”

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He said that constant uncertainty around Trump’s tariffs is what makes it especially difficult to prepare for financial pain ahead.

“There is no long -term strategy,” Draper said. “It is an erratic behavior that we will leave as if it were another pandemic.”

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