On Monday, former US president Ronald Reagan addressed the Trump administration’s most recent rounds of tariffs in a drill at the Chinese consulate in the US.
Reagan criticized the idea of imposing taxes on foreign items in a video clip from his 1987 statement posted on the ambassador. The official shared the article titled” Ronald Reagan opposed tariffs: 1987 conversation finds fresh relevance in 2025″ on X.
Reagan quotes Reagan as saying in the picture,” At first, it seems like they are doing the patriotic thing by protecting American work and materials when someone says this impose taxes on foreign products. And it occasionally works for a short while. but only for a short while.
He warns that such actions inhibit technology, lead to inefficiency, and cause retaliation, which may eventually lead to sagging markets and causing millions of jobs to be lost.
” Secured businesses eventually stop making new and inventive products and products, which result in incompetence and poor management. Trade war, rates rise, people stop buying, and marketplaces collapse as a result of retaliation from different nations, which causes millions of jobs to be lost. We may not take the success of America for short-term gain,” he continues.
The article comes as Washington begins to impose new tariffs on some nations, including China. Beijing made a 34 % duty on American goods, starting on Thursday, in response. Donald Trump, the president of the United States, responded on Monday by threatening additional taxes if China did not reverse its decision by April 8. Beijing responded with a quick response, promising to take measures to “protect its individual rights and interests.”
Reagan, however, serves as a haphazard research juncture for China. In his time as president of the United States, the former president constantly advocated for policies that challenged and reversed communist governments.
