[Congressional Record Volume 171, Number 84 (Monday, May 19, 2025)]
[Senate]
[Page S2960]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                                TARIFFS

  Mr. SCHUMER. Mr. President, on tariffs, last week, Walmart announced 
that soon it will raise prices on its products nationwide. Then, over 
the weekend, Donald Trump, who started this stupid trade war to begin 
with, tried to bully and harass Walmart for having the gall of being 
transparent about the decision--for having the gall to show that prices 
are going up because of Donald Trump's tariffs.
  Then, today, the CEO of JPMorgan, Jamie Dimon, warned that the impact 
of tariffs have not yet passed through the broader economy. Even Donald 
Trump's scaled-back tariffs are ``pretty extreme'' in Dimon's words.
  So Donald Trump can try to blame businesses when they are forced to 
raise prices, but he can't escape the economic realities of his own 
trade war. He made this mess. He is sending prices up. He will bear the 
responsibility--Donald Trump will.
  Finally, it is pretty rich for Donald Trump to tell retailers that 
they have to ``eat the tariffs,'' but, meanwhile, he is accepting 
luxury planes and crypto deals in the Middle East. Donald Trump does 
far more to help himself than to help America.

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