Although Senator Chuck Schumer (DN.Y.
“I followed what all these economists said. Most of them seem respectable,” Kennedy told Fox News Digital at the Capitol. “They don’t know anything more than anyone else. We’re here unknown waters.”
According to Schumer and Luján, Americans may expect to see the cost rise to enough to impose a tax of $5,000 per year for American households.
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President Donald Trump commented on reciprocity tariffs during the April 2, 2025 “Make America Rich Again” event in the White House Rose Garden in Washington, D.C. (Brendan Smialowski/AFP via Getty Images)
“When the average American family sat down and tried to figure out how they would pay for something, they heard that the $5,000 they might have to pay $5,000 more than they would have to pay before – they might not be able to buy a new car, they might not be able to support the new medicines that grandma needs, they might not be able to take that year’s holiday, they planned for a year-long plan – they would be out.”
“It’s a huge tax on American households. all – Help billionaires get tax cuts. ”
Luján draws on Schumer’s point of view, noting that the Kennedy explosion economist is more respected than the “Late Night Psychological Hotline.”
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“The American people will undoubtedly bear the brunt of the brunt,” Luan said. “Activists who have been publishing reports and other economists have shown that this will be a national sales tax on the American people about $5,000. That’s wrong.
“If the president is willing to use targeted tariffs as a tool – what I want is, I think others are other tools – it’s one thing,” Luyan added. “But when he spans the board arbitrarily and tries to slap the numbers… I care so much about what my constituents are going to pay.”
Senator Chuck Schumer, DN.Y. ; Senator John Kennedy (R-La); and Ben Ray Luján (Gettty Images; Fox News)
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Kennedy believes that this prediction is actually unfounded.
“The fact is we don’t know. These economists don’t know.” “These are unknown waters. We haven’t met such tariffs for a long time. It’s probably net affirmation. President Trump imposed tariffs during his first term. It doesn’t seem to hurt the economy. It can be negative. What I’m saying is that in Washington, D.C., for every economist, it’s an equal and opposite economist, usually wrong.”
