By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Concealed RepublicanConcealed Republican
  • Home
  • Latest News
  • Guns
  • Politics
  • Videos
Reading: GOP senator claps back at Trump tariff cost projections: ‘Uncharted waters’
Share
Notification Show More
Font ResizerAa
Font ResizerAa
Concealed RepublicanConcealed Republican
  • News
  • Guns
  • Politics
  • Videos
  • Home
  • Latest News
  • Guns
  • Politics
  • Videos
Have an existing account? Sign In
Follow US
  • Advertise
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Concealed Republican > Blog > News > GOP senator claps back at Trump tariff cost projections: ‘Uncharted waters’
News

GOP senator claps back at Trump tariff cost projections: ‘Uncharted waters’

Jim Taft
Last updated: April 5, 2025 12:38 am
By Jim Taft 4 Min Read
Share
GOP senator claps back at Trump tariff cost projections: ‘Uncharted waters’
SHARE

While senators Chuck Schumer, D-N.Y., and Ben Ray Luján, D-N.M., cited economists’ projections that President Donald Trump’s tariffs will cost American families an extra $5,000 per year, GOP Sen. John Kennedy, R-La., insisted, “We don’t know,” suggesting those who claim they do are making fools of themselves. 

“I followed what all these economists are saying. Most of them make these late-night psychic hotlines look respectable,” Kennedy told Fox News Digital at the Capitol. “They don’t know any more than anybody else. We’re in uncharted waters here.”

According to Schumer and Luján, Americans can likely expect to see costs rise enough to equate to a $5,000 per year tax on American families.

STEPHEN MILLER SAYS AMERICANS HAVE TO UNDERSTAND HOW ‘BADLY’ WE’VE BEEN RIPPED OFF AS A COUNTRY

“When the average American family sits down and tries to figure out how they’re going to pay for things, and they hear they may pay $5,000 more than they’ve had to pay before — and they may not be able to buy a new car, they may not be able to support that new drug that grandma needs, they may not be able to take that vacation they were planning for a year — they’re going to be outraged,” Schumer told reporters. 

“It’s a huge tax on American families. All – all – to help billionaires get a tax cut.”

Luján seconded the sentiment from Schumer, pointing to the economists that Kennedy blasted as less respectable than a “late-night psychic hotline.” 

TRUMP’S CHINA TARIFFS FACE LEGAL CHALLENGE FROM CONSERVATIVE GROUP CALLING THEM ‘UNLAWFUL’

“There’s no question that the American people are the ones that are going to be paying the brunt of this,” Luján argued. “The actuaries that have been putting out reports and other economists are suggesting that this is going to be a national sales tax on the American people of about 5,000 bucks year. That’s just not right.

“If the president would be open to using targeted tariffs as a tool — something that I’m open to and I think others are — that’s one thing,” Luján added. “But when he’s arbitrarily just going across the board and trying to slap on numbers … I’m very concerned for my constituents that are going to be paying out of pocket.”

Sens. Schumer, Kennedy, and Lujan, left to right

Kennedy argued such projections had no basis in fact.

“The truth is we don’t know. These economists don’t know,” Kennedy insisted. “These are uncharted waters. We’ve not had these kind of tariffs in a long time. It may be a net positive. President Trump implemented tariffs in his first term. Didn’t seem to hurt the economy. It could be a negative. All I’m saying is that in Washington, D.C., for every economist, there’s an equal and opposite economist, and they’re usually both wrong.”

Read the full article here

You Might Also Like

Trump influence looms large over Virginia’s primary election contests

The Dukes of Pennsylvania Avenue? Viral ‘General Lee’ stunt driver wants to ‘Jump for Trump’

One month in the White House, President Donald Trump’s polling numbers edge down

CCRKBA Celebrates Advancement of National Reciprocity Bill

Trump issues unexpected ultimatum to senior FBI ranks

Share This Article
Facebook X Email Print
Previous Article Adam Devine told by doctors he was dying after severe health complications from childhood accident Adam Devine told by doctors he was dying after severe health complications from childhood accident
Next Article Supreme Court sides with Trump to temporarily allow DEI cuts of  million Supreme Court sides with Trump to temporarily allow DEI cuts of $65 million
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

‘Wrecking Ball’ Supreme Court Decision Gives Trump Power to Drain Deep State Swamp [WATCH]
‘Wrecking Ball’ Supreme Court Decision Gives Trump Power to Drain Deep State Swamp [WATCH]
Politics
Esacalation: DHS Subpoenas Harvard Records Over Foreign Student Info
Esacalation: DHS Subpoenas Harvard Records Over Foreign Student Info
Politics
Trump Admin Ends Biden DEI Mandates For Transportation Funding
Trump Admin Ends Biden DEI Mandates For Transportation Funding
Politics
Medical Industry’s Push For Mandatory Storage Laws Omit Key Fact
Medical Industry’s Push For Mandatory Storage Laws Omit Key Fact
News
DHS shows Mayor Karen Bass in a big way agency is not leaving LA until the ‘mission’s accomplished’
DHS shows Mayor Karen Bass in a big way agency is not leaving LA until the ‘mission’s accomplished’
News
Trump calls out Putin’s ‘bull—-‘ during Cabinet meeting on Ukraine war
Trump calls out Putin’s ‘bull—-‘ during Cabinet meeting on Ukraine war
News
© 2025 Concealed Republican. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?