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Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug Prisner. Tonight,

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Speaker 1: President Trump delivered a prime time address to Congress. He

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Speaker 1: said the American economy is surging and the American dream

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Speaker 1: is unstoppable. But Trump's speech was met with divisions within

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Speaker 1: the country. Democratic Representative Al Green was removed from the

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Speaker 1: chamber after interrupting the President, take your seat, sir, take

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Speaker 1: your seat. Finding that members continue to engage in wilful

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Speaker 1: and concert a disruption or proper decorum, the Chair now

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Speaker 1: directs a sergeant at arms to restore order.

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Speaker 2: Remove this gentleman from the chamber.

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Speaker 1: That is Speaker Mike Johnson, there ordering Green's removal from

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Speaker 1: the chamber.

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Speaker 3: Now.

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Speaker 1: Democrats held up signs that read musk steals and false

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Speaker 1: in silent protests during Trump's remarks. Meantime, Trump toubted that

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Speaker 1: reciprocal tariffs will kick in on April second, saying whatever

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Speaker 1: they tacked us, we will tax them.

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Speaker 4: We will do non monetary barriers to keep them out

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Speaker 4: of our market. There's a lot of that too. They

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Speaker 4: don't even allow us in their market. We will take

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Speaker 4: in trillions and trillions of dollars and create jobs like

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Speaker 4: we have never seen before.

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Speaker 1: Despite the economic pain that may be coming as a

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Speaker 1: result of tariffs, Trump is seeking everyone to get on

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Speaker 1: board with his larger vision of increasing manufacturing in the US.

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Speaker 4: Tariffs are about making America rich again and making America

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Speaker 4: great again. And it's happening, and it will happen rather quickly.

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Speaker 4: There'll be a little disturbance, but we're okay with that.

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Speaker 4: It won't be much.

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Speaker 1: The Democratic response to President Trump's address was given by

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Speaker 1: Senator Alissa Slotkin, a first term Democrat from Michigan.

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Speaker 5: Grocery and home prices are going up, not down, and

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Speaker 5: he hasn't laid out a credible plan to deal with

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Speaker 5: either of those. His tariffs on allies like Canada will

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Speaker 5: raise prices on energy, lumber, and car and start a

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Speaker 5: trade war that will hurt manufacturing and farmers. Your premiums

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Speaker 5: and prescriptions will cost more because the math on his

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Speaker 5: proposals doesn't work without going after your health care. Meanwhile,

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Speaker 5: for those keeping score, the national debt is going up,

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Speaker 5: not down, and if he's not careful, he could walk

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Speaker 5: us right into a recession.

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Speaker 1: That Senator Elissa Slotkin, first term Democrat from Michigan, who

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Speaker 1: delivered her Party's response to President Trump's address tonight. Now

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Speaker 1: TARA for relief may be on the horizon less than

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Speaker 1: twenty four hours after taking effect. The Trump administration may

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Speaker 1: announce a pathway for TARA for leef on Mexican and

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Speaker 1: Canadian goods covered by the North American Free Trade Agreement.

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Speaker 1: Commerce Secretary Howard Lutnik said Trump is considering giving relief

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Speaker 1: to countries under and after rules, but not fully rolling

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Speaker 1: back to tariffs. Here is Lutnik speaking to Fox Business.

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Speaker 3: Both the Mexicans and the Canadians were on the phone

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Speaker 3: with me all day today trying to show that the

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Speaker 3: will do better, and the President's listening, because you know,

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Speaker 3: he's very very fair and very reasonable. So I think

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Speaker 3: he's going to work something out with them. It's not

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Speaker 3: going to be a pause, none of that pause stuff.

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Speaker 3: But I think he's going to figure out, you do more,

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Speaker 3: and I'll meet you in the middle some way, and

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Speaker 3: we're going to probably be announced in that tomorrow.

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Speaker 1: That is Commerce Secretary Howard Lutnick speaking earlier to Fox

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Speaker 1: News Now. President Trump had previously delayed the Canada and

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Speaker 1: Mexico tariffs for one month before allowing them to move

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Speaker 1: forward by the way. Howard Lutnik will join Bloomberg's Surveillance

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Speaker 1: tomorrow morning eight a m. Wall Street Time. More on

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Speaker 1: potential tariff relief now from Bloomberg's Josh Wingrove.

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Speaker 2: The market reaction to this barrage of tariffs has been

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Speaker 2: pretty strong. That's historically been something that President Trump pays

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Speaker 2: attention to, and so right now things are really fluid. Evidently,

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Speaker 2: But what we're talking about here, I should be clear,

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Speaker 2: is he's talking about reducing but not pausing or eliminating

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Speaker 2: the twenty five percent. How the Canadians and Mexicans would

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Speaker 2: react to that very unclear. And of course if USMS

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Speaker 2: is the bar than that wouldn't impact the China tariffs,

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Speaker 2: which he also doubled to twenty from ten percent.

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Speaker 1: That is Bloomberg's Josh Wingrove Now. Earlier, the new levies

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Speaker 1: on goods from Canada, China and Mexico rattled markets. We

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Speaker 1: had the S and P five hundred down about one

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Speaker 1: point two percent. That, of course after Monday's drop of

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Speaker 1: one point eight percent. After the bell, the cybersecurity firm

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Speaker 1: CrowdStrike Holding issued a worse than expected earnings outlook. Now

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Speaker 1: this suggests the company may still be struggling to recover

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Speaker 1: from a flawed software update that crashed millions of computers

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Speaker 1: globally in July of last year. China is pushing for

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Speaker 1: economic growth this year of around five percent. That growth

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Speaker 1: target raises expectations for a lot more in the way

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Speaker 1: of government stimulus, and at the same time, Chinese leadership

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Speaker 1: is planning to raise defense spending this year by seven

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Speaker 1: point two percent. That is the same increase as last year.

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Speaker 1: And Reserve Bank of New Zealand Governor Adrian Orr has resigned.

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Speaker 1: He'll finish out his role on March thirty first. And

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Speaker 1: that is news when you want it with Bloomberg News.

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Speaker 1: Now I'm Doug Prisoner, and this is Bloomberg