A video clip of Ronald Regan warning against trade wars has resurfaced, and it’s as if he were speaking directly to Donald Trump.
“Our peaceful trading partners are not our enemies; they are our allies,” the Republican president said in a 1988 radio address, after reminding his listeners of the Smoot-Hawley tariff in 1930, which led to the “the worst economic catastrophe in our history,” aka the Great Depression. — Read the rest
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