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'Christmas Will Be A Very Difficult Time': Slotkin Makes Eerie Prediction About Trump's Tariffs
Forbes Breaking News
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today
During a townhall on Monday, Sen. Elissa Slotkin (D-MI) was asked about President Trump's tariffs.
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00:00
I'm to start oh gosh it's Partridge Mark Partridge and my question is um all right I wrote it this
00:11
way how do we get the public to understand that Trump's tariffs are a tax on ordinary Americans
00:18
and this is the largest tax increase in modern history resulting in the largest transfer of
00:27
money from the poor to rich people thank you for the opportunity to talk about tariffs let's talk
00:35
about tariffs so we are the state of Michigan manufacturing agriculture those are our some
00:42
of our primary industries that means we are being disproportionately hit by these tariffs or even
00:50
threat of tariffs so President Trump announced his Liberation Day tariffs he announced all kinds
00:57
of tariffs on all kinds of countries and he created basically the world's most intense marketplace
01:03
at the White House where every country every industry comes hat in hand trying to make a deal
01:09
with him now he said he wanted 90 deals in 90 days he got one deal in 90 days so he extended the
01:17
deadline he's thrown some tariffs here he's held them back on other places it gets very confusing
01:23
what you I think need to know is that the price of goods and services but particularly goods for like
01:31
back to school clothing school supplies plastics those are things where we're already seeing significant
01:38
increases we know we're seeing it on things like aluminum and construction materials farming materials
01:45
I was just came from visiting a farm today and they're talking about tariffs you're right that people don't
01:52
understand that a tariff is them having to pay more I think the school supplies might be changing some
02:00
people I think a lot of people are talking about wait a minute I just went to buy some clothes for my kid and it was
02:04
double what I spent last year and you can believe that Christmas will be a very difficult time last year a
02:12
Tonka truck was 30 bucks for your child next year this year it'll be probably closer to 45 depending on what you're buying
02:20
um and I think on top of the consumer feeling that price increase the the rationality behind these
02:31
tariffs just does not make sense we currently have more tariffs on Canada than we do on China
02:37
okay and we as Michiganders know I mean the Canadians we can have issues with them from time to time but
02:44
you know this is this is a partner our supply chains are woven in with them so
02:52
I even have Republican colleagues who are proposing bills saying that we need to send
03:00
all Americans relief checks from tariffs to say here's a $500 check because we know you're paying
03:08
more because of tariffs just don't have an insane tariff policy and you won't have to send another
03:15
check to people right so the the policy and again if you want to get get me on tariffs with China and a
03:23
few I mean we can have a real conversation I'm not against all tariffs but the way he's going about
03:28
it is sloppy and chaotic and creating an environment where no industry including local places like whirlpool how
03:36
could you possibly plan and make your budget for next year when you don't know what's going to happen
03:41
so yes we can talk about policy papers and how we get people to understand to me this is why I tell
03:51
people to keep book on what you pay on things because nothing is going to be more convincing than
03:57
your own wallet your own family budget and I feel very firmly particularly as we head into the fall
04:04
people are going to feel those tariffs unfortunately
04:07
okay
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