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Ronald Reagan warns of Donald Trump trade war tactic in speech from 1988
The Independent
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4/1/2025
Reagan warns of ‘demagogues declaring trade wars’ in eerily prescient 1988 speech Source: Ronald Reagan Presidential Library
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00:00
Part of the difficulty in accepting the good news about trade is in our words.
00:04
We too often talk about trade while using the vocabulary of war.
00:09
In war, for one side to win, the other must lose.
00:12
But commerce is not warfare.
00:14
Trade is an economic alliance that benefits both countries.
00:18
There are no losers, only winners.
00:21
And trade helps strengthen the free world.
00:24
Yet today, protectionism is being used by some American politicians
00:28
as a cheap form of nationalism, a fig leaf for those unwilling to maintain
00:32
America's military strength and who lack the resolve to stand up to real enemies,
00:38
countries that would use violence against us or our allies.
00:42
Our peaceful trading partners are not our enemies.
00:44
They are our allies.
00:46
We should beware of the demagogues who are ready to declare a trade war against our friends,
00:51
weakening our economy, our national security, and the entire free world.
00:56
All while cynically waving the American flag.
01:00
The expansion of the international economy is not a foreign invasion.
01:04
It is an American triumph.
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