Economic Protectionism Quotes
Despite developed nation calls for free trade, The US, EEC and Japan maintain an extensive system of agricultural subsidies which are politically difficult to eliminate while expecting developing nations to eliminate their protectionist practices.
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.
Brightstar, owned by Sprint, had 70 percent of the Venezuelan cell telephone market when leftist and anti-American Hugo Chavez was the President of Venezuela. The company served it’s Venezuelan customers well at competitive prices and created many jobs at all levels for Venezuelans. Chavez allowed them to stay in the market.
This summary of the problem of trying to politically “sell” free trade is as good as anyone has ever said it in America. And the problem and argument has not changed since. Free trade is good for most, but really harms some in specific situations. The beneficiaries often do not realize who they are or how they have benefitted, but those who are harmed generally know exactly how and what the damages are.
He had just retired after 24 years in Congress.
The Country was still in the Depression.