Trump says he is "fighting everyday to make America affordable again"

In his address to the Congress, President Donald Trump declared his commitment to making America "affordable again," amid alleviating financial pressures faced by American families.

“Among my very highest priorities is to rescue our economy and get dramatic and immediate relief to working families,” Trump said.

He pledged to reorganize the federal government to lower costs on essential goods, including eggs and energy, though he provided few specifics on how these initiatives would be implemented.


Donald Trump Congress Speech Live: Trump vows to ‘make America affordable again’ with new policies

Trump went on to blame the previous administration, which was led by Joe Biden, saying he inherited an "economic catastrophe and an inflation nightmare".

On soaring egg prices, Trump said that they are "out of control" and he is working hard to bring them down.

The backdrop for Trump's address comes amid new economic instability following his administration's decision to impose significant tariffs on imports from Canada and Mexico.

A 25% tax on goods from these neighboring countries took effect early Tuesday, a move described by Trump as necessary to enhance cooperation in combating fentanyl trafficking and illegal immigration.

However, this decision has quickly drawn criticism, with immediate retaliatory measures from Canada and Mexico raising concerns about a potential trade war.

In addition to the tariffs on Canada and Mexico, Trump announced an increase in tariffs on Chinese goods to 20%. This escalation of trade tensions has raised alarm among economists, who warn that such measures could lead to increased prices for American consumers.

“Whatever they tariff us, we tariff them. Whatever they tax us, we tax them,” Trump was expected to assert, as he appears determined to maintain a hardline stance on trade.