6 Takeaways From Trump’s Address to Congress
In a lengthy speech, President Trump promoted his administration’s rapid early moves and reprised the themes of his campaign, vowing to crack down on illegal immigration and “wokeness.”
It Is Happening Every Day, Every Where
In a speech to Congress in his first weeks in office, the president laid out his vision to remake U.S. policy on the military, trade, immigration and foreign aid.
A top administration official said that, without new declines, tariffs on Canada and Mexico were appropriate. But the kind of real-time data he demanded doesn’t exist.
President Claudia Sheinbaum of Mexico took steps sought by President Trump, including sending troops to the border and cracking down on drug cartels. The tariffs went into effect anyway.
Trade wars during President Trump’s first term slashed billions of dollars in U.S. agricultural exports. Farmers and trade groups expect an even bigger hit this time.
President Trump has offered a confusing mix of reasons for upending global trade relations, leaving America’s biggest trading partners baffled and angry.
Prime Minister Justin Trudeau of Canada warned that the Trump administration’s tariffs were leading to a trade war. Mexico’s leader vowed to impose countermeasures on Sunday.
Importers will have to make changes to pay new tariffs on goods from Canada, Mexico and China, and government agencies will need more resources to enforce the fees.
The S&P 500 added to recent losses in early trading. German automakers, many of which have plants in Mexico that make vehicles that are sold in the United States, were especially hard hit.
German automakers, many of which have plants in Mexico that make vehicles that are sold in the United States, were especially hard hit.