GOP's Kennedy compares dire Trump tariff predictions to 'late-night psychic hotlines'

While senators Chuck Schumer, D-N.Y., and Ben Ray Luján, D-N.M., cited economists' projections that President Donald Trump's tariffs will cost American families an extra $5,000 per year, GOP Sen. John Kennedy, R-La., insisted, "We don't know," suggesting those who claim they do are making fools of themselves. 

"I followed what all these economists are saying. Most of them make these late-night psychic hotlines look respectable," Kennedy told Fox News Digital at the Capitol. "They don't know any more than anybody else. We're in uncharted waters here."

According to Schumer and Luján, Americans can likely expect to see costs rise enough to equate to a $5,000 per year tax on American families.

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