DNC Talking Points | April 2025

Trump’s Chaotic Agenda is Leading to Job Losses and Business Uncertainty as the Economy Careens Toward Recession

Trump has managed to tank the economy before he’s even hit the 100-day mark in office.
Over the weekend, J.P. Morgan upped the odds of a recession to 60%.
Hardworking Americans are already losing their jobs because of the growing economic fear Trump created — including factory workers in Iowa and oil manufacturers in Texas.
Trump’s tax plan isn’t just destroying jobs at bigger companies — small business confidence fell for the third straight month — jeopardizing investment, hiring, and growth for these American small business owners.

Across the country, Americans are terrified our economy will turn from bad to worse as Trump pursues his tax on working families.
Donald Trump’s new set of tax increases on the American people will wreak havoc on the economy and drive costs up for the average American.
Many Americans are already dealing with the consequences. Prices are high, and only getting higher. Americans are losing their retirement funds.
Almost three-quarters of Americans are bracing for higher prices on items that they buy every day because of Trump’s chaotic trade policy.
Trump knows the damage his trillion-dollar consumer tax will do to the economy and to working Americans’ wallets, including spikes in grocery costs, gas prices, electronics, clothes, and more.
Consumers, businesses, and economists have been sounding the alarm on the devastating costs of Trump’s price hikes, and Trump himself admitted his trillion-dollar extra tax on consumers will cause “pain” for working families and he “can’t guarantee” his reckless plans won’t jack up costs.

DNC War Room: NEW REPORT: Trump Cuts Risk Millions of Seniors’ Hard-Earned Social Security Benefits
DNC War Room: “The Opposite of What Americans Voted For”: Americans Overwhelmingly Reject Trump’s Chaotic Economic Agenda
DNC War Room: REPORT: Small Business Confidence Drops For Third Straight Month

Reuters on X: Most Americans are bracing for higher prices on a wide range of consumer goods following President Donald Trump’s move to impose sweeping new tariffs on imports from most of the world, a new Reuters/Ipsos poll found https://reut.rs/4jpofnw
Robert Reich on X: It seems that Trump wants a recession. Why?
A recession will drive down the prices of real estate, companies, and shares of stock.
Trump and his fellow billionaires want to buy up everything on the cheap and then enjoy the ride upward — no matter the cost to working people.
Sen. Chris Murphy on X: The global economy has lost $10 TRILLION because of Trump’s disastrous tariffs. Companies ruined. Retirement accounts destroyed.
And instead of fixing it, this week the GOP Congress will make things worse – voting to throw millions of their health care to add insult to injury.
FactPost on X: Senator Hassan: Trump’s tariffs have made almost everything that families buy more expensive. This is the largest tax increase in over 50 years and it’s going to cost the average American family $3,800 a year. Their cup of coffee, new shoes for their kids, and fresh fruit will all cost more
Sen. Elizabeth Warren on Bluesky: Trump’s own trade rep couldn’t explain the logic behind the on-again, off-again tariffs wreaking havoc on our economy. If Republicans care about protecting our jobs and lowering costs, they should all vote for our bipartisan resolution to end Trump’s tariff chaos.