President Donald Trump took center stage in the Capitol Building on Tuesday, to proclaim what he claimed were his administration’s successes just six weeks into his second term.
The address comes at a shaky time for U.S. markets, as a relaunched trade war—particularly new tariffs on Canada, China, and Mexico—has erased all the S&P 500’s gains since the election in November, and also as recession indicators are starting to flash warnings of a coming slowdown. The president himself admitted that his new tariffs might lead to “a little disturbance,” but said the U.S. needed to push back against “tremendously higher tariffs” imposed by other countries on American goods.
