President Donald Trump acknowledged there may be an ¡°adjustment period¡± as his tariffs take effect, but defended his push to remake the U.S. economy and declared ¡°momentum is back¡± in a primetime speech to Congress on Tuesday night.
¡°Tariffs are about making America rich again and making America great again. And it¡¯s happening, and it will happen rather quickly,¡± Trump said in the longest-ever presidential address to a joint session. ¡°There¡¯ll be a little disturbance, but we¡¯re OK with that. It won¡¯t be much.¡±
Trump¡¯s address comes at a pivotal moment. Data shows new strains on the economy as factory activity stagnates, inflation simmers, consumer confidence ebbs and stocks lag behind equity markets in other countries.
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