Inhis first State of the Union address during his second term, Trump stated that the stock market had reached ‘record highs’ and that inflation had ‘plummeted.’ He expressed ‘deep regret’ over the Supreme Court’s rejection of tariffs, asserting that ‘tariffs have boosted the stock market’ and advocating for tariffs to ‘replace the modern income tax system.’ He also announced plans to allow immigrants to enter the country ‘legally,’ demanded that tech giants ‘generate their own electricity and build their own factories,’ mentioned receiving ’80 million barrels of oil’ from Venezuela, and called for legislation to ban members of Congress from engaging in stock trading.