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Tammy Baldwin: “We saw a stock market free fall during Trump's first round…”

Featuring: Tammy Baldwin, Democratic | U.S. Senate, Wisconsin

Tony Wied and Senator Tammy Baldwin Discuss Economic Policies and Legislative Initiatives

Published July 23, 2025 | Video Starts at 17:33

So I'll jump in there. You know, the situation with threatened tariffs and actually imposed tariffs earlier this year showed us what chaos looks like in the economy. We saw a stock market free fall during Trump's first round of tariffs before he paused them. And what I want you to know is that my phone rang off the hook. Hearing from farmers, manufacturers, small businesses, and just ordinary people who need to buy consumer products, household products. (17:33–17:42)

CLAIM

Asserts that the stock market fell during Trump's initial tariffs.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Tammy Baldwin

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“Trump imposed 145% tariffs [on a product from China].”
Tony Wied and Senator Tammy Baldwin Discuss Economic Policies and Legislative Initiatives | Uploaded July 23, 2025 | 18:42-18:48
“Families needed some breathing room.”
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“Families are living paycheck to paycheck.”
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“Buying a home is out of reach [for many families].”
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“Donald Trump has launched a trade war, causing chaos for farmers, manufacturers and small businesses and increasing inflation and prices for…”
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“My Republican colleagues made all of those cuts so that they could rig our tax code, which I must say was already deeply unfair for working…”
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“Our bill ensures that no working family will pay more than 7% of their income on child care.”
Tony Wied and Senator Tammy Baldwin Discuss Economic Policies and Legislative Initiatives | Uploaded July 23, 2025 | 12:16-12:27
“This legislation will also provide grants to help communities in need to open new child care centers covering startup and licensing costs.”
Tony Wied and Senator Tammy Baldwin Discuss Economic Policies and Legislative Initiatives | Uploaded July 23, 2025 | 12:26-12:39
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“Big box retailers and their suppliers have their tricks to maybe shrink the size of products and raise the prices.”
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“My Republican colleagues just handed out all kinds of tax breaks to big corporations and the wealthy.”
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“The situation with threatened tariffs and actually imposed tariffs earlier this year showed us what chaos looks like in the economy.”
Tony Wied and Senator Tammy Baldwin Discuss Economic Policies and Legislative Initiatives | Uploaded July 23, 2025 | 17:23-17:33
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