The top House Democrat has put President Donald Trump on blast over higher price hikes expected to result from sweeping new tariffs on over 90 countries, which came into effect on Thursday after the Trump administration failed to negotiate new trade deals before a Wednesday deadline.
“Donald Trump’s tariffs are raising prices,” House Minority Leader Hakeem Jeffries wrote on Thursday. “The extremists promised to lower costs. Instead. Republican policies are making your life more expensive.”
Jeffries’ comments stand in contrast to Trump, who praised tariffs as powering a “golden age” last week, in spite of the burden that customers are already feeling.
The new tariffs also land amid a spate of poor economic news caused by other Trump tariffs.
On Thursday, The Wall Street Journal reported