OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Worldwide Tariffs

Floor Speech

Date: April 8, 2025
Location: Washington, DC

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Mr. LATIMER. Mr. Speaker, 2 months ago on this House floor, I spoke against the foolishness of the President's proposed tariff schemes. I spoke knowing a bit about corporate reaction from my own business career.

Now, the top financial minds of this country have spoken, in consecutive days of stock market tumbling, losing values for investors, including pension funds and 401(k) holdings. When is enough enough?

When will the Republican majority stand up and tell him for once: ``Mr. President, you are wrong. Your policy is misguided.''

He has imposed tariffs on Canada, Mexico, Japan, and the EU, our friends. He has not imposed tariffs on Russia, arguing they are negotiating with Ukraine, but he imposes tariffs on Ukraine.

We are now looking at the self-inflicted likelihood of a crippling recession, which could lead to a dramatic depression, all because of these policies that create chaos in financial markets across the globe.

Mr. Speaker, $11 trillion has been lost in the stock market since January 20.

This is a self-made problem based on the misguided impulses of one man. Unfortunately, we will all pay the price.

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