As Wisconsinites brace for the impact of Donald Trump’s erratic trade policy, DNC Deputy Communications Director Abhi Rahman released the following statement:
“Donald Trump promised he’d lower Wisconsinites’ costs on day one. Instead, Trump’s tax on working Wisconsinites will drive up costs on everything from groceries and gas to electronics and clothes. In response, Wisconsinites are mad as hell as Trump refuses to rule out ‘pain’ for their families and are coming out in droves to demand change.”
Wisconsinites are worried Trump’s dangerous agenda will jack up costs of everyday essentials.
CNBC: “Policy uncertainty and new sweeping tariffs from the Trump administration are combining to create a stagflationary outlook for the U.S. economy in the latest CNBC Rapid Update.
“The Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3% compared with the 2.3% reported in the fourth quarter of 2024. It would be the weakest growth since 2022 as the economy emerged from the pandemic.”
CNN: “The US economy faces a growing risk of a recession as surging tariffs threaten to stunt growth, reignite inflation and lift unemployment, according to Goldman Sachs.”
NBC News: “Consumers call for a lifeline as Trump’s tariff ‘Liberation Day’ nears”
“Consumers’ economic pessimism is worsening as inflation stays hot and a series of new reports flash alarms days before the White House expands its trade war. …
“Economic sentiment slid 12% this month in the University of Michigan’s latest survey, also released Friday, and expectations for the future plunged 18%. The researchers described ‘a clear consensus’ in which ‘Republicans joined independents and Democrats in expressing worsening expectations since February for their personal finances, business conditions, unemployment, and inflation.’”
CBS News/YouGov Poll: 76% of Americans say their income is not keeping up with inflation.
Trump refused to rule out economic “pain” for Wisconsinites and working families across this country in pursuit of his reckless policies. Now, he risks voters’ fury as a result.
AP News: “Trump says Americans could feel ‘some pain’ from tariffs as he threatens more import taxes”
Politico: “When Presidents Ask Americans to Suffer for the Cause, Voters Make Them Pay for It”
“The travails that may come in the days ahead — whether it’s tariff-triggered inflation and layoffs, or chaos at the Social Security office and the spread of disease as vaccination rates fade — all of this and more would be the direct consequence of actions taken by the Trump administration itself. Perhaps Trump could weather some backlash amid today’s sharp political polarization.
“Still, if Americans tend to be impatient with sacrifice, how much less patient will they be if the cause is coming from inside the house?”
Economists are already warning of a “serious Trump recession,”while a majority of Americans reject Trump’s handling of the economy and fear even higher prices.
The Telegraph: “Economists are starting to worry about a serious Trump recession”
Newsweek: “Trump’s Approval Rating on the Economy Hits New Low, Polls Show”
Gallup: 59% of Americans disapprove of Trump’s handling of the economy.
Fox News: 58% of Americans disapprove of Trump’s handling of inflation, including 20% of Republicans and 69% of independents.
Fox News: “Tariffs are viewed mostly through a negative lens, with voters thinking they are more likely to harm the U.S. economy (53% harm vs. 28% help) and make products more expensive (69% more vs. 7% less).”
