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Tariff Consequences

Floor Speech

Date: Sept. 26, 2018
Location: Washington, DC
Issues: Business and Consumers Trade

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Mr. SCHNEIDER. Mr. Speaker, I have spoken before about how businesses in my district, large and small, are suffering under the President's tariffs that are raising costs and increasing uncertainty.

But the damage of the Trump administration's trade policy goes beyond the business community. Here is one example. This week, I learned a public middle school in my district has to dip into its contingency funds to cover the $2 million in unbudgeted cost increases for its new addition and remodeling project, caused by President Trump's tariffs.

Let me repeat that. This school or, more precisely, local taxpayers now face $2 million in additional costs, not for new classrooms, but rather to cover the extra costs of the President's trade war.

I have also heard from seniors in my district worried about tariffs accelerating the cost of prescription drugs, including insulin, antidepressants, MRI machines, artificial joints, and pacemakers, to name just a few.

Put simply, President Trump's tariffs are not working for the American people. It is time to instead end the misguided trade war and enact sensible, enforceable trade policies that support American workers, American businesses, American intellectual property, and our environment.

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