Schumer on Trump's new tariffs: A 'huge tax on American families' to 'help billionaires get a tax cut'

Senate Minority Leader Chuck Schumer (D-N.Y.) on Wednesday slammed President Trump’s sweeping new tariffs, calling them a “huge tax” on the average American family.

“This is a huge tax on American families, all — all — to help billionaires get a tax cut,” Schumer said at the Capitol on Wednesday, suggesting the tariffs announced are intended to generate revenue to supplement the cost of extending the 2017 tax cuts.

Trump announced a baseline 10 percent tariff on imports from all foreign countries...