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US President Donald Trump appears on a joint Congress session, the US House in Washington, Columbia County, March 4, 2025.
Kevin Lamark | Reuters
President Donald Trump conceded before Joint Congress session that its cool new tariffs cause “slightly violations” but claimed that it is worth reaping what it promises would be possible benefits of its aggressive Trading policy.
“Tariffs are to make America rich again and make America big again. And it will happen pretty quickly,” Trump said during the address Tuesday night on Tuesday, the first speech of his second term.
“There will be a bit of violations, but we are fine,” Trump said. “It won’t be much.”
The notes came in a few hours after stock market On the second consecutive day, it went down when 25% of 25% in Canada and Mexico came into force.
Most economists warn that tariffs – imports that pay importers – eventually raise consumer prices. But Trump has long claimed that tariffs are paid for by other countries, and he has advertised them as a key tool for leverage.
The new tariffs in Canada and Mexico were paused before, and many critics hoped they would mitigate or eliminate before they were restored.
But Trump decided to plow forward with these tariffs this week, further igniting economic uncertainty and firing new fears that the United States was obliged to potentially painfully trading war with its two main trading partners.
Once the markets closed on Tuesday afternoon, secretary of trade Howard Lutno He said Trump “probably announces the tariff compromises with Canada and Mexico on Wednesday.
Following the notes of the slut, the USA Futures on the stock tied to all three major medium.
