Trump admits for the first time that 'tariffs will impact the economy': interference is acceptable, can make America great again MAGA

President Trump delivered his first congressional speech of his second term this morning, admitting that with the implementation of comprehensive tariff measures, the U.S. economy may experience an 'adjustment period,' and there may be more discomfort in the future. However, the price increases caused by tariffs are just 'minor disturbances,' as tariffs are meant to make America great again. In a speech that lasted for 100 minutes, Trump focused more on issues he believed had political advantages, strongly criticizing transgender rights, immigration, and diversity, equity, and inclusion policies (DEI), but did not mention consumer price issues at all. Trump's proposals sound like magical solutions, such as complex energy projects that take years and plans to reduce federal spending using Musk to repay national debt, but Musk's reduction in federal spending only accounts for a small fraction of the federal deficit. Trump views domestic energy production as a solution to inflation resistance, but he has not yet introduced specific policies to encourage domestic oil demand or reduce production costs. The speech took place at a critical moment, as Trump's approval ratings had risen after winning the November 2024 election, but recent polls show a continuous decline in support for him. At the same time, economic data indicates new pressures facing the U.S. economy, with factory activity stagnating, continued inflation, declining consumer confidence, and underperforming stock market performance compared to other countries. The S&P 500 fell to its lowest level since early November last year, and the Atlanta Federal Reserve predicts a 2.8% decline in real GDP growth rate for the first quarter of this year, eroding Trump's promised 'American golden age'.