In the hours after President Donald Trump decided to slap new tariffs on all imports from Canada and Mexico, the stock market slumped and economists warned of rising prices and declining economic growth.
On Tuesday night, in an address to a joint session of Congress, Trump promised that the chaos would continue—with more tariffs on more imports.
"Whatever they tariff us, we tariff them. Whatever they tax us, we tax them. If they do non-monetary tariffs to keep us out of their market, then we do non-monetary barriers to keep them out of our market," Trump said, referring to his ongoing plan to impose so-called "reciprocal tariffs" on nearly all imports.
