Trump says a ‘little disturbance’ from tariffs is OK, as markets reel from trade war

Trump says a ‘little disturbance’ from tariffs is OK, as markets reel from trade war


U.S. President Donald Trump delivers a speech to a joint session of Congress, in the House Chamber of the U.S. Capitol in Washington, D.C., U.S., March 4, 2025. 

Kevin Lamarque | Reuters

President Donald Trump conceded before a joint session of Congress that his steep new tariffs will cause “a little disturbance,” but maintained it was worth it to reap what he promises will be the eventual benefits of his aggressive trade policy.

“Tariffs are about making America rich again and making America great again. And it’s happening, and it will happen rather quickly,” Trump said Tuesday night, during the first such speech of his second term.

“There will be a little disturbance, but we’re okay with that,” Trump said. “It won’t be much.”

This is breaking news. Please refresh for updates.



Source

CNBC Daily Open: Markets cheer as Trump and Tehran agree to 2-week ceasefire
World

CNBC Daily Open: Markets cheer as Trump and Tehran agree to 2-week ceasefire

WASHINGTON DC, UNITED STATES – APRIL 6: The United States President Donald Trump holds a Press Conference in the James S. Brady Press Briefing Room at the White House on April 6, 2026, in Washington DC, United States. Celal Gunes | Anadolu | Getty Images Hello, this is Dylan Butts writing to you from Singapore. […]

Read More
South Korea stocks lead gains in Asia as oil prices plunge after U.S.-Iran ceasefire deal
World

South Korea stocks lead gains in Asia as oil prices plunge after U.S.-Iran ceasefire deal

Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles George Pachantouris | Moment | Getty Images Asia-Pacific markets rallied on Wednesday after U.S. President Donald Trump said he had agreed to suspend planned attacks on Iranian infrastructure for two weeks. The move was “subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, […]

Read More
U.S. oil price plunges below 0 after Iran agrees to safe passage through Strait of Hormuz during ceasefire
World

U.S. oil price plunges below $100 after Iran agrees to safe passage through Strait of Hormuz during ceasefire

U.S. crude oil prices plunged Tuesday evening, after President Donald Trump agreed to suspend attacks on Iran for two weeks in exchange for Tehran allowing safe passage through the Strait of Hormuz. The West Texas Intermediate contract for May delivery fell about 15% to $95.63 per barrel by 7:48 p.m. ET. Trump said the two-week […]

Read More