“Well, I do just want to point out one thing that the President, everybody in Washington, whether they want to admit it or not, knows that this President is right when it comes to tariffs and when it comes to trade. In fact, Democrats have long said that the United States of America has been ripped off by the countries around the world. They just don’t want to admit it now because it’s President Trump who is saying that.
In June of 1996, Nancy Pelosi spoke on the House floor. She urged her colleagues at the time to fight against the status quo trade policies that had contributed to America’s trade deficit with China. In fact, Nancy Pelosi said, ‘How far does China have to go? How much more repression? How big a trade deficit? How many jobs have to be lost for the American workers? How much dangerous proliferation has to exist before members of this House of Representatives will say, I will not endorse the status quo?’ Those are the words of Nancy Pelosi in 1996.
Well, President Trump is finally answering her call, 27 years later. Nancy Pelosi can thank President Trump today for the 104% retaliatory tariff that will be going into effect on China.
In 2007, Chuck Schumer spoke of our nation’s crippling trade deficits, saying, ‘These are the kinds of records the American people don’t want us to be breaking. The administration needs to move beyond words, take action now to reverse a trend that threatens our prospects for future economic growth.’ And Chuck Schumer said that in 2007.
Finally, in 2025, President Trump is taking action. Recently defeated Democrat Sherrod Brown said on deficits in 2012 that our deficit then with China had reached an all-time high and it was on pace to exceed last year’s record. The trade deficit had cost American workers millions of jobs at the time. These are the words of Democrats years ago.
It is about time America finally has a President who is taking action to restore those millions of jobs back to the United States of America, to boost our manufacturing industry. He is doing what’s right for the American people. It will take a lot of labor, it will take a lot of effort, but that’s exactly what the American people elected this President to do.”