"ICYMI: Ahead of August 1 Tariff Deadline, Ranking Member Markey Delivers Floor Remarks Opposing Trump Tariffs, Impact of Trade War on Families and Small…

Summary

A July 31, 2025 release says Ranking Member Markey (D-Mass.) joined Senate Democrats on the Senate floor to speak out against Trump's tariffs, many of which were set to go into effect August 1. In the remarks, Markey says Trump's country-specific tariffs lasted just one week until Trump paused them, promising 90 deals in 90 days, and that on Day 112 the number of legally binding, enforceable trade deals is Zero. Markey says the Small Business Liberation Act, offered on the Senate floor 70 days ago, would have exempted small businesses from the baseline 10 percent tariffs and the country-specific tariffs on pause since April 9th.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

Title: ICYMI: Ahead of August 1 Tariff Deadline, Ranking Member Markey Delivers Floor Remarks Opposing Trump Tariffs, Impact of Trade War on Families and Small Businesses
Date: 2025-07-31

ICYMI: Ahead of August 1 Tariff Deadline, Ranking Member Markey Delivers Floor Remarks Opposing Trump Tariffs, Impact of Trade War on Families and Small Businesses

July 31, 2025

RM Markey: “This chaos by Trump and Republicans has left small businesses twisting in the wind.”

(Washington, July 31) - Ranking Member Edward J. Markey (D-Mass.) yesterday joined Senate Democrats on the Senate floor to speak out against Trump’s reckless and chaotic tariffs, many of which are set to go into effect tomorrow, August 1. He highlighted how Trump’s tariffs will cause harm to small businesses and Main Streets across the country. Below is an excerpt from his remarks.

“Trump used a faulty formula to establish tariff rates that made no economic sense, whacked our allies, and placed tariffs on an island with no people – just penguins. Trump’s country-specific tariffs lasted just one week until Trump paused them, promising ‘90 deals in 90 days.’ Well, here we are on Day 112 and how many actual legally binding, enforceable trade deals do we have? Zero.

“What we have instead is press events announcing ‘frameworks,’ ‘contours,’ and ‘concepts' for trade deals. All are fragile and subject to Donald Trump’s latest whim. This chaos by Trump and Republicans has left small businesses twisting in the wind.

“Small toy companies and mom and pop game stores in my state and across the country are begging for certainty now so they can place orders for the holiday season. Trump thinks tariffs on toys will just mean Americans buy fewer dolls. Well, that is not how it’s going to work. A small independent toy and game store won’t just sell fewer dolls, they are going out of business. Trump’s tariffs will be the grinch that stole Christmas this year.”

“To give businesses relief and certainty, I came to the Senate Floor 70 days ago to offer my Small Business Liberation Act. My bill would have provided small businesses relief from Trump’s disastrous, destructive, small business-killing tariffs that have been turning Main Street into Pain Street for the past four months. My bill would have provided certainty to the constant whiplash and chaos that is President Trump’s tariff policies by exempting small businesses from the baseline 10 percent tariffs and the country-specific tariffs that have been on a pause since April 9th.

“So, to my Republican colleagues, if you say you’re for small business, prove it. If you say you support Main Street, protect it. Join me in passing the Small Business Liberation Act. Let’s give small businesses the certainty they deserve. And let’s stop letting Trump turn trade policy into a demolition derby.”

###

Permalink: https://www.sbc.senate.gov/public/index.cfm/2025/7/icymi-ahead-of-august-1-tariff-deadline-ranking-member-markey-delivers-floor-remarks-opposing-trump-tariffs-impact-of-trade-war-on-families-and-small-businesses

File and source

File

2025-07-31_icymi-ahead-of-august-1-tariff-deadline-ranking-member.txt

Size

3,246 bytes

SHA-256

df6790857ab74647a1170ffa53c713ec6ae55f6462d5b3c293873c6511457789

Our copy

2025-07-31_icymi-ahead-of-august-1-tariff-deadline-ranking-member.txt

Original

www.sbc.senate.gov