Senator Chuck Schumer condemns China’s tariff threat: We should be tough, but we should be smart

Senate minority leader Chuck Schumer said Monday that the US needs to be tough in China, but that it must be close to the situation in intelligence and strategically.

His comments followed the president. Donald Trump’s The latest threat is that if Beijing does not lift a 34% tariff on US imports, it will impose an additional 50% tariff on China.

Schumer spoke to Fox Business shortly after Monday’s meeting, saying New York’s economy suffered from Trump’s tariff plans, putting hundreds of thousands of export-related jobs in jeopardy.

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“We believe that it must be tough in China, but you have to be smart about it. And you should bring the whole world against China, not attacking the whole world with tariffs,” Schumer told Fox Business.

Fox Business has reached out to the Trump administration for comment.

China announced it last week A few days after Trump announced the same amount against Beijing based on his mutual tariff plans, he will charge the US 34%.

In his post on True Society, Trump threatened the US on Wednesday that if China does not withdraw its 34% tariffs by Tuesday. The president also said, “All consultations with China regarding the requested meeting with us will be concluded.”

Last week, Trump promoted his sweeping tariff plans at the “American Affluent Again” event, saying he would restore American dreams and strengthen the work of American workers.

“Now is our turn to flourish, and in doing so we will use trillions and trillions of dollars to cut taxes and pay back national debt,” he said.

Several business leaders and lawmakers, including Schumer, have expressed concern over the tariff plans. Billionaire Investor Bill AckmanHe supported the Republican presidential candidate in July 2024, posted on Monday that “the formula used by the administration to calculate tariffs actually made tariffs four times larger in other countries,” adding that “the world economy is being defeated because of bad mathematics.”

Schumer has expressed concern, particularly about the impact of tariffs on New York. He recently urged the House to join the Senate to pass a resolution aimed at protecting the state from “disastrous price increases” and job losses caused by Canadian tariffs.

At a meeting Monday, Schumer said tariffs “are likely to cause New York to fall into a recession.”

JPMorgan Chase suggested there is a 60% chance of a recession, but Schumer said the risks are even higher in New York given the state’s dependence. Export and import Compared to other parts of the country.

He said New York is trading on only more than $200 billion in goods. According to Schumer, more than 260,000 New York jobs are linked to exports and imports, all of which are “indirect dangers” by the president’s plan.

Schumer further said that “many, more work” in the secondary market will follow and explain that.”A big loss in work. ”

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The senator said New York’s industries, including finance, technology, tourism and fashion, are “now being targeted by foreign countries.”

Schumer said his office is also considering “all legitimate paths to stop these tariffs.” However, he warned that “it takes a while, the damage will be very, very, very, very, very quickly, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very, very,