Senator Schumer warns that Trump’s economic policies are pushing the U.S. “straight into an iceberg,” as major retailers announce price hikes. Americans face rising costs due to tariffs, prompting concerns over inflation and household budgets. The Senate debate highlights growing partisan tensions over economic management.
Senator Chuck Schumer (D-NY) has sharply criticized former President Donald Trump’s economic policies, likening the U.S. economy to the Titanic heading straight for an iceberg. Speaking on the Senate floor on Monday, Schumer warned that Trump’s decisions are pushing Americans into financial strain as prices continue to rise.
According to Schumer, this summer, major U.S. companies such as Walmart, Target, Best Buy, and Ace Hardware announced price increases or warned that costs would rise due to new tariffs. “Americans didn’t vote for this,” Schumer emphasized, noting that the financial burden is increasingly weighing on households and consumers.
The Senate leader argued that tariff policies and other poorly planned economic decisions have worsened inflation, directly affecting everyday life. His warning underscores the growing partisan divide over economic management in the United States.