Amna Nawaz
@PBSNewsHour·5.3M subscribers·62.2K videos
WATCH: 'Whatever they tax us, we will tax them,' Trump vows on tariffs
Posted
March 5, 2025
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March 5, 2025
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3:28Now PlayingPresident Donald Trump touted his plan to increase import taxes on Mexico, Canada and China during his March 4 address to a joint session of Congress.
“April 2, reciprocal tariffs kick in, and whatever they tariff us, other countries, we will tariff them, that’s reciprocal -- back and forth,” Trump said, essentially describing a trade war.
“Whatever they tax us, we will tax them. If they do non-monetary tariffs to keep us out of their market, then we will do non-monetary barriers to keep them out of our market.”
Already, Canada and China have announced tariffs on American goods, and Mexican president Claudia Sheinbaum said that her country will announce retaliatory tariffs on Sunday. Stocks fell Tuesday in reaction to the tariffs and economic uncertainty, wiping out all of the S&P 500's gains since Election Day.
The first speech of Trump’s second term in office, while not officially a State of the Union address, is a chance for the president to lay out legislative priorities and tout early achievements.
Trump has moved to deliver on some of his campaign promises at breakneck speed, signing more than 75 executive orders in little more than a month. Thousands of federal workers have been fired at the direction of the Department of Government Efficiency and Trump adviser and billionaire Elon Musk.
Close to half of Americans in the latest PBS News/NPR/Marist poll disapprove of Trump’s job performance so far, but his approval rating, at 45 percent, is higher than at any point of his first term. While 54 percent of Americans think the country is headed in the wrong direction, 45 percent believe the country is on the right track, a 10-point jump from December 2024.
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