Trump: Aggressive tariffs will stay
President Donald Trump said on Tuesday that the United States has achieved a “transformation like no one has ever seen before,” renewing his resolve to continue with his tariff-driven economic strategy.
In his first State of the Union address since returning to the White House a little over a year ago, Trump highlighted what he sees as his administration’s accomplishments, ranging from a decline in the number of illegal immigrants to rising stock prices.
Trump asserted the tariffs imposed by his administration “took in hundreds of billions of dollars to make great deals for our country, both economically and on a national security basis.”
“Moving forward, factories, jobs, investment and trillions of dollars will continue pouring into the United States of America, because we finally have a president who puts America first,” Trump told a joint session of Congress.
Trump reiterated his claim that there has been significant progress in making the United States more affordable for the working class.
But many polls have shown that a majority of voters disapprove of Trump’s job performance, with their dissatisfaction over his handling of rising living costs particularly strong.
Major defeat
Trump’s speech came after the Supreme Court on Friday struck down a wide swath of his second-term tariffs, dealing a major defeat to the cornerstone of his economic and foreign policy agendas.
A new 10-percent tariff under a different legal framework targeting most global imports took effect on Tuesday, with Trump showing no signs of backing down on his aggressive trade strategy.
He has warned US trading partners not to withdraw from trade agreements already negotiated, and that their imports could face much higher tariffs if they “play games” after the court’s ruling.
On Tuesday, he insisted that almost all countries and companies want to keep their deals with the United States.
******
Get real-time news updates: inqnews.net/inqviber
