Senator Warren Statement on 2025 Q1 GDP Estimate

Washington, D.C. – United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee released the following statement:

“100 days into his presidency, Donald Trump’s red-light, green-light tariffs are shrinking our economy, with businesses stockpiling imports in anticipation of tariff doomsday. Consumer confidence has consistently plummeted through Trump's first 100 days, and dropped to its lowest point since May 2020 – as Americans are deeply pessimistic about surviving a cratering economy deliberately damaged by the President. Today, Senators Ron Wyden, Rand Paul, and I will force a vote to turn off Trump’s tariffs emergency. Republicans in Congress will have to answer whether they will stand up for their constituents or clear the way for Trump’s tariff chaos to potentially push us into a recession that would shrink the economy and bring widespread job losses, while pushing prices for essential goods even higher."

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