President Donald Trump has called the day his new tariffs are imposed “Liberation Day.”
But House Minority Leader Hakeem Jeffries (D-N.Y.) begs to differ, calling it “Recession Day” on Wednesday, The Hill reported.
Trump, and many Republicans, believe these tariffs will boost the U.S. economy.
“House Republicans, Senate Republicans and Donald Trump haven’t done a single thing to lower the cost of living in this country. Not a single bill. Not a single executive order. Not a single administrative action,”Jeffries said.
“In fact, Republicans are crashing the American economy in real time and driving us to a recession. This is not liberation day, it’s recession day,” he said. “That’s what the Trump tariffs are going to do: crash the economy.”
Trump had blamed the Biden administration over a flailing economy, while
Trump promised to use his business experience to help.
“Starting on Day One, we will end inflation and make America affordable again,” he in August.
Trump has said the increase in tariffs is needed to reverse the move is necessary decades of trade imbalances that have disadvantaged the U.S.
“We helped everybody, and they don’t help us,” Trump said this week.
Jefferies and his fellow Democrats think otherwise.
“Costs aren’t going down in America, they’re going up,” Jeffries said Wednesday. “And the Trump tariffs are going to make things more costly.”
