SENATOR: TRUMP TARIFFS ARE COSTING LI-ERS $5,000 MORE A YEAR; SENATOR REVEALS ICONIC LONG ISLAND FASHION BUSINESS COSTS HAVE JUMPED 30%—WITH NO END IN SIGHT; SENATOR STANDS WITH OWNER—WHO VOTED FOR TRUMP—TO ANNOUNCE HE WILL FORCE VOTE NEXT WEEK TO END TRUMP TRADE WAR; SAYS HOUSE MUST ALSO ACT; LI REPS HAVE REAL SWAY TO PRESSURE GOP

Schumer Stands With Long Island Trump Voters Who Love “MAGA” – But Hate Tariffs & Want White House To Get The Message That They Are Killing LI Economy, Consumers & Small Biz

Senator Says If Trump Tariff War Continues Nassau Could Lose 10,900 Jobs & Suffolk Could Lose 24,400; LI Fashion Staple, TandyWear, Just Expanded Last Year But All This Success Could Be Snuffed Out & LI Could Suffer

Schumer: Trump Tariffs Are Unraveling LI Fashion Company – And Things Could Get Worse If GOP Refuses To Put Big Boy/Girl Pants On & Help Dems End Tariffs

Alongside self-described Trump voters at an iconic Long Island fashion brand company, TandyWear, U.S. Senator Charles Schumer addressed the issue of Trump tariffs that are costing Long Islanders nearly $5,000 a year, while squeezing small businesses and slashing local profits. Schumer and the owner of the company, who voted for President Trump, said the trade war is bad for business and consumers on Long Island. Schumer also revealed that TandyWear’s costs have jumped 30% since the trade war began, and this needless increase in costs comes at the same exact time the Long Island company was planning to expand and hire more employees.

“TandyWear’s story, a Long Island company that was bouncing back from COVID, on the up, even expanding, but now is facing dramatically higher costs and overall uncertainty, is not their story alone—this is now the story of so many businesses across New York and the nation, and it is a needless harbinger of what might come if the President’s tariff war wages on,” said U.S. Senator Charles Schumer. “This trade war will cost Long Islanders $5,000 more a year, and right here on Long Island, more than 35,000 jobs are at risk. For business owners like Tandy, costs are up 30% with no end in sight, so we have to try and fix this, not in the name of politics, but in the name of logic.”   

Schumer detailed that more than 35,000 jobs across Long Island are at risk, and said this one story is part of a bigger narrative threatening the nation’s and New York’s economy. The owner of TandyWear said she is not passing her 30% increase in costs onto her consumers, but, instead, is absorbing them for the moment, because the Long Island economy is feeling ‘shaky’ already. She said her customers cannot afford to pay 30% more.

Schumer also announced that next week he will force a vote in the Senate to end the Trump trade war. Schumer said the House must also act and that Long Island’s Republican members of Congress have real sway to pressure the GOP—and that they should use their voice. Schumer stood with Trump voters, the owner of TandyWear, her employees and an economics professor from Hofstra as he made the case to help improve the Long Island economy, not stifle it.  

“Next week, I will force a vote in the Senate to end this trade war, because what’s happening right now is just bad business. No matter what your vantage: the business, the consumer, the industry—it is one giant mess, and my vote to try and fix this problem will likely get Republican support,” Schumer added. “If this trade war just goes on and on, Nassau could lose more than 10,000 jobs, and Suffolk could lose more than 24,000. This is not winning. It’s losing. But worse, it is Long Island suffering. We cannot sit back and do nothing while Trump’s tariffs unravel this Long Island fashion company, or any company for that matter.”  

Schumer said in the early days of the trade war news, the fashion and garment industry was facing price increases of at least 10 to 17%.  Now, Schumer says, that number is much higher, much closer to the 30% being faced by TandyWear. Schumer also said NYC is a fashion and garment hub, from leathers to other textiles, and that the current tariff ‘plan’ will rip the threads out of the NYC and Long Island’s fashion and commerce economy.

When the Senate returns, Schumer says he will force a vote on a bipartisan resolution that would terminate the emergency declared by Trump to authorize his global tariffs. If the resolution is enacted into law, the tariffs would be rescinded. The Senate also previously passed a bipartisan resolution terminating Trump’s national emergency that is justifying his destructive tariffs, which Schumer said the House needs to vote on and that Long Island Republicans have real sway over. Schumer has been a vocal supporter of both resolutions.

Schumer explained how New York, Long Island and its metro area is especially vulnerable to the President's needless tariff war because it is one of the world's largest trade hubs. Schumer explained that the New York port and area import and export hubs hum with activity that pumps billions of dollars into the New York/Long Island economy each year.  

Specifically, Schumer said that the President's tariffs also put over 260,000 New York jobs tied to exports at, what he calls, a "direct hit" economic risk. Schumer explained that JP Morgan recently released data showing the nation's chances of a recession are now at 60%—but Schumer says, in New York, the number is much higher.   

Schumer also pointed to Barclays, and brokerages HSBC, Deutsche Bank and BofA warned last Thursday that the U.S. economy faces a higher risk of slipping into a recession this year if the President’s tariffs remain in place.

Financial reports say that if the tariffs are sustained, "recession risks will likely rise materially," Deutsche Bank said in a note, while BofA noted the economy could be pushed to "the precipice of recession," according to reports. Both Deutsche Bank and BofA predicted tariffs could ‘potentially shave 1-1.5 percentage points from U.S. economic growth this year.’

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