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

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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 during the primetime address Tuesday night, 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.”

The remarks came hours after the stock market plummeted for a second straight day, as Trump’s sweeping 25% tariffs on Canada and Mexico took effect.

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