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Fortune
Fortune
Amanda Gerut

‘Now it’s our turn’ — Trump claims U.S. will use reciprocal tariffs on countries that strike back on his tax policies

US President Donald Trump speaks during a joint session of Congress in the House Chamber of the US Capitol in Washington, DC, US, on Tuesday, March 4, 2025. (Credit: Kent Nishimura/Bloomberg via Getty Images)
  • President Donald Trump delivered his State of the Union address on Tuesday before a starkly divided Congress and country. His address came after a day in which markets around the globe whipsawed in response to Trump’s moves to advance tariffs on America’s closest geographical allies and trading partners, Canada and Mexico. Democrats protested with signs that read “false,” and one representative was removed from the House Chamber early in the address.

President Donald Trump announced that he will use tariffs as a cudgel against other countries after the U.S. has unfairly paid “tremendously higher tariffs” than other countries pay for goods.  

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