Rep. Jasmine Crockett (D-TX) cautioned U.S. citizens to “buckle up” as she highlighted the potential economic consequences of President-elect Donald Trump’s proposed tariffs and trade policies.
Earlier this week, Trump unveiled a plan to impose a 25 percent tariff on all imports from Mexico and Canada, as well as a 10 percent tax on goods from China. He stated that he would enact this proposal through an executive order on his first day back in office. The plan has already faced criticism from economists and business leaders.
In a discussion with MSNBC host Chris Hayes on Wednesday, Crockett warned, “it is about to be on and popping if he, for some reason, gets half of this done.” She predicted that the combination of these tariffs and Trump’s proposed mass deportations of undocumented immigrants could spark inflation and destabilize the economy.
You know, my only hope is that we can rid ourselves of Donald Trump, half as quickly as the UK got rid of their failed leadership [in Prime Minister Liz Truss, whose policies crashed the country’s economy]. That is the only hope that I could have but something tells me that he will stick around for the entire four years.
As someone who serves on the agriculture committee, one of the things that we saw is that our soybean farmers specifically suffered so much under these tariffs last time, and it wasn’t as widespread as what he’s proposing this time.
The fact that we have Americans that are waking up and saying, ‘wait a minute, are you saying that parents are going to negatively impact me? Are you saying that we are going to have to pay for this?’ It’s kind of like that wall that we are still waiting on Mexico to build right, that they are going to pay for. No, we are going to pay for it. We are going to be the ones that are suffering, and for those that thought inflation was bad, even though it has come down, even though that it is honestly cooled off here a lot quicker than it cooled off and the rest of the world…
Let me just tell you, it’s time to buckle up, buttercup, because it is about to be on and popping if, for some reason, he gets half of this done. And right now, looking at the henchman that he is trying to put into his administration, we are on track to see a lot of these negative things impact our economy.
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