The senators spoke to Fox News Digital on Capitol Hill of President Trump’s prices, the Democrats arguing that prices increase while the Republicans praise the revenues and the return of American manufacturing. (Credit: Nicholas Balasy for Fox News Digital)
The Republican senators who spoke to Fox News Digital on Capitol Hill said that the United States was “at the dawn of a golden age”, thanks to President Donald Trump’s pricing policies.
When he was asked how Trump’s prices have an impact on the price of goods and services, the Senate Republicans defended the president’s ambitious policy, telling Fox News Digital that his prices have in fact stimulated their local savings.
“Well, in Indiana, we have noticed a significant boost in our manufacturing economy,” said senator Jim Banks, R-Indiana, due to this alleged increase in Trump and his pricing policies.
Senator Eric Schmitt, R-MO., Said that Trump’s prices created more manufacturing jobs in the United States. Coupled with his tax and commercial policies and his regulatory reform, the Missouri senator said that the United States entered his golden age, as Trump had promised.
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President Donald Trump signed the decrees on Monday, February 10, 2025, imposing 25% prices on steel and aluminum imported, in his continuous effort to revise the American commercial relationship with the rest of the world. (Jabin Botsford / The Washington Post via Getty Images / Getty Images)
But not everyone is convinced. Trump has been criticized since he announced his plan to impose universal and specific prices in the country on all American imports, encouraging national manufacturing and pressure from American trade partners to return to the negotiation table.
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The only democrat who spoke to Fox News Digital Trump prices, Senator Jack Reed of Rhode Island, said that business leaders who had spoken said they increased prices due to increased prices on goods and services.
“I have examined an entire list, but especially commercial goods from China,” said Reed. “The other effect would be what happens in the long term in Canada. We get a large part of our energy from Canada and if these prices increase, this will harm the entire state industry.”
A container carrier left the port in Qingdao, in the Chinese Shandong province on August 7, 2025. (STR / AFP / Getty Images / Getty Images)
The Bureau of Labor Statistics (BLS) announced Tuesday that the Consumer price index (ICC) – A large measure of the quantity of daily goods such as petrol, grocery store and the cost of rent – increased by 0.2% in July compared to last month, while it was up 2.7% compared to a year ago.
The monthly figure was in accordance with the estimate of the economists interviewed by LSEG, while the title was slightly fresher than the expected 2.8%.
The so -called basic prices, which exclude volatile petrol and food measures to better assess price growth trends, increased by 0.3% compared to the previous month and 3.1% compared to a year ago. The annual character was warmer than the expectations of economists by 3%, while the monthly figure was in accordance with the estimate.
Senator John Hoeven, RN.D. said that “the market recognizes” that commercial transactions are underway, admitting that there is “probably a certain concern in Canada”.
President Donald Trump holds a painting as he pronounces remarks on reciprocal rates during an event in Rose Garden entitled “Make America Wealthy Again” at the White House in Washington on April 2, 2025. (Brendan Smialowski / AFP via Getty Images / Getty Images)
“You must remember that President Trump’s commercial strategy is to keep who he negotiates with imbalance, then he gets a better deal. He is a master negotiator.”
And the Northern Dakota Senator said that Trump “was finally going to get our exporters, whether our farmers, our manufacturers, who, better commercial terms.”
Banks have led the argument to the house, saying to Fox News Digital that “the automobile, medical devices, pharmaceutical products, manufacturing at all levels was very strong in Indiana, therefore more good jobs in our state are the direct result of the prices”.
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He said Hoosiers understands that Trump “weakens the Chinese economy”, which is good for long -term America.
Eric Revell by Fox News Digital contributed to this report.
