Ronald Reagan: "Tariffs increase inflation, reduce innovation and erode competitive edge of a country."

You can say all you want about Reagan, but he is not wrong here..

Dive into the critical issues shaping economic policy, from President-elect Trump’s sweeping tariff proposals to the challenges Texas faces under rising government spending. Now is the time for bold reforms to protect taxpayers and ensure economic freedom thrives.

And he didn’t have a China in the WTO 🤷🏻 We have 25% of what Regan had for manufacturing today 🤔

Reagan wasn't wrong, it's just that this can only work if there are no tariffs everywhere. In practice there are piece-meal tariffs everywhere, under different guises. Only the US truly believes in the spirit of free trade, everyone else took advantage of that.

Loved Reagan growing up. Have a coffee table book of the guy. I don’t blame him for starting global expansion and think there were benefits at first. But there’s not way he thought it would get to this point. And/or he was a great actor selling a bill of goods

He ushered in the end of America... he and thatcher destroyed their countries manufacturing...

Shipping out manufacturing to the world has been a huge mistake. We are reliant on other countries. We have lost middle class jobs and enriched other countries. No bueno

Then why do other countries impose dramatically higher tariffs on the United States?

$36,000,000,000,000 in debt.

that's why us need to make sure other countries dont have tariff on US vs

That is correct. That is why Trump is trying to match everyone’s tariffs on America so everyone will lower their trade so we will have ACTUAL FREE TRADE.