Ronald Reagan Quotes
When someone says, `Let's impose tariffs on foreign imports,' it looks like they're doing the patriotic thing by protecting American products and jobs. And sometimes for a short while it works - but only for a short time....over the long run such trade barriers hurt every American worker and consumer. Markets shrink and collapse; businesses and industries shut down; and millions of people lose their jobs.
In October 2025 (ahead of ongoing trade negotiations), the Ontario Provincial Government (Canadian) produced a video ad distributed in the US using a voice-over of the above quote from a 1987 Ronald Reagan Presidential Radio Address. The ad uses five complete sentences from the five-minute weekly address, but they are spliced together out of sequence. Also, while the ad implies Reagan was against tariffs, it omitted the context that he was using the radio address to announce new tariffs imposed on Japan by his administration but that they should be seen as an unavoidable exception to his basic belief in free trade as the key to prosperity. He said, “our commitment to free trade is also a commitment to fair trade.” President Trump accused the Ontario government of producing a fraudulent ad and of attempting to influence the US Supreme Court as it prepares to hear arguments about the legality of Trump’s tariffs. As a result, the Trump administration terminated trade negotiations with Canada.
Statement made during a speech announcing tariffs on Japan who had violated semiconductor trade agreements with the US.
Although aggregate employment has remained relatively stable as global free trade has become the U. S. policy, there has been major employment disruption with some types of people benefiting and others like blue collar manufacturing workers having their entire careers wiped out. Port cities like Seattle, Baltimore have boomed while Midwestern manufacturing cities have deteriorated greatly.
Father of President George W. Bush
A self-contained market would be one in which a country only makes products that it sells within its borders, and only sells products that in makes in the country. Very primitive cultures were self-contained markets, but trading generally takes place whenever two cultures interact unless politicians artificially prevent it.
- Born: February 6, 1911
- Died: June 5, 2004
- Nationality: American
- Profession: Former President of the U.S., Former Governor of California, Politician, Actor
Ronald Wilson Reagan was an American politician who served as the 40th president of the United States from 1981 to 1989 and became a highly influential voice of modern conservatism. Prior to his presidency, he was a Hollywood actor and union leader before serving as the 33rd governor of California from 1967 to 1975.