President Donald Trump‘s congressional address triggered significant after-hours market movements across a wide range of stocks.
Trump said, “Tariffs are protecting the soul of our country. Tariffs are about making America again and making America great again, and it's happening. It will happen rather quickly—there may be a little disturbance, but we're okay with that.”
He added, “Tariffs—it’s a beautiful word, isn't it? Along with our other policies, they will allow our auto industry to absolutely boom.”
Tariff policies took center stage, with Trump promising to implement reciprocal trade barriers starting Apr. 2, a move that could significantly impact international trade dynamics and corporate strategies.
Economist Jason Furman quickly weighed in, posting about potential retaliatory trade measures: “Maybe we’ll VAT them in retaliation for them VATing us!”
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