{"id":1055581,"date":"2025-08-11T20:02:00","date_gmt":"2025-08-12T00:02:00","guid":{"rendered":"https:\/\/democrats.org\/?p=1055581"},"modified":"2025-08-12T08:03:43","modified_gmt":"2025-08-12T12:03:43","slug":"trump-chickens-out-again-with-china-and-drags-the-u-s-further-into-his-reckless-trade-war-while-main-street-suffers","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/trump-chickens-out-again-with-china-and-drags-the-u-s-further-into-his-reckless-trade-war-while-main-street-suffers\/","title":{"rendered":"Trump Chickens Out Again With China and Drags the U.S. Further Into His Reckless Trade War While Main Street Suffers"},"content":{"rendered":"\n
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Prices are skyrocketing, working families are struggling to get by, farmers are seeing record profit losses, and businesses of all sizes are suffering \u2014 all thanks to Donald Trump\u2019s inflationary trade war. Economists are sounding the alarm over stagflation and warning that consumers will bear the brunt of Trump\u2019s reckless agenda. <\/p>\n\n\n\n

Meanwhile, Trump is chickening out (again) and giving China a second extension<\/a>, meaning that the worst is far from over. So much for the \u201cart of the deal.\u201d <\/p>\n\n\n\n

In response, DNC Rapid Response Director Kendall Witmer released the following statement:<\/em><\/strong><\/p>\n\n\n\n

\u201cDonald Trump\u2019s trade war has wrecked the economy. Despite his promise to \u2018lower costs on Day One,\u2019 Americans are watching everyday items get more and more expensive \u2014 and experts are warning it\u2019s only going to get worse. Now, Trump is prolonging his unaffordable trade war because he can\u2019t cut a deal. The American people have watched Trump repeatedly fail to secure trade deals, all while he causes prices to rise and has no plan to lower the cost of living. Trump\u2019s economic agenda is clear: Billionaires get massive tax handouts while working families get jacked up prices. Trump never cared about Main Street \u2014 his unaffordable agenda is just the latest example.\u201d <\/p>\n\n\n\n

Trump\u2019s reckless trade war is already wreaking havoc on consumers and small businesses and causing prices to rise even higher. This week alone: <\/p>\n\n\n\n

\ud83e\udd64AriZona\u2019s CEO is warning<\/a> that Trump\u2019s tariffs will force him to raise the price of their iconic 99-cent cans. <\/p>\n\n\n\n

\ud83d\udc5fCrocs is cutting back<\/a> production for the second half of the year, thanks to Trump\u2019s chaotic economy, as the CEO warns consumers are \u201cbehaving cautiously around discretionary spending\u201d in today\u2019s \u201cconcerning\u201d economic climate. <\/p>\n\n\n\n

\ud83c\udf54Wendy\u2019s posted larger-than-expected<\/a> losses as consumers cut back spending. <\/p>\n\n\n\n

\ud83d\ude9cFarmers are suffering<\/a> under higher costs for everything from tractors to fertilizers, as family farms go bankrupt<\/a> at the highest rate since the pandemic. <\/p>\n\n\n\n

\ud83d\udcb2Small businesses are being forced to raise<\/a> prices as Trump\u2019s trade war costs small business importers a combined $202 billion<\/a> a year. <\/p>\n\n\n\n

Economists are warning that the situation is set to get worse the longer Trump\u2019s reckless trade war goes on, with U.S. consumers set to shoulder up to <\/strong>67% of tariff-related costs<\/strong><\/a> as inflation accelerates. <\/strong><\/p>\n\n\n\n

Americans are losing<\/a> their jobs, the country is bracing for a recession<\/a>, and investors are overwhelmingly warning that stagflation<\/a> is taking hold \u2014 all thanks to Trump\u2019s failing economic agenda. <\/p>\n\n\n\n

Let\u2019s not forget how we got here. Trump repeatedly moved<\/a> the goalposts on his trade war, unleashing chaos<\/a> on the domestic and global economies. Despite his promise to sign 90 deals in 90 days, Trump spent months chickening out, delaying deadlines, and signing zero real deals<\/a>. Trump\u2019s own trade team couldn\u2019t even agree<\/a> on a deadline in the first place. Now, his \u201crushed [and] incomplete\u201d<\/a> trade deals are set to unleash an economic catastrophe on Americans. <\/p>\n\n\n\n

###<\/p>\n","protected":false},"excerpt":{"rendered":"

Prices are skyrocketing, working families are struggling to get by, farmers are seeing record profit losses, and businesses of all sizes are suffering \u2014 all thanks to Donald Trump\u2019s inflationary trade war. Economists are sounding the alarm over stagflation and warning that consumers will bear the brunt of Trump\u2019s reckless agenda.  Meanwhile, Trump is chickening […]<\/p>\n","protected":false},"author":293,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1055581","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nTrump Chickens Out Again With China and Drags the U.S. Further Into His Reckless Trade War While Main Street Suffers - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/trump-chickens-out-again-with-china-and-drags-the-u-s-further-into-his-reckless-trade-war-while-main-street-suffers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-12T00:02:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-12T12:03:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1101\" \/>\n\t<meta property=\"og:image:height\" content=\"483\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Shelby Reese\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shelby Reese\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/trump-chickens-out-again-with-china-and-drags-the-u-s-further-into-his-reckless-trade-war-while-main-street-suffers\/\",\"url\":\"https:\/\/democrats.org\/news\/trump-chickens-out-again-with-china-and-drags-the-u-s-further-into-his-reckless-trade-war-while-main-street-suffers\/\",\"name\":\"Trump Chickens Out Again With China and Drags the U.S. Further Into His Reckless Trade War While Main Street Suffers - 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