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Home / Carpe Diem / For President Trump: President Reagan’s radio address on free trade from November 26, 1988 – Publications – AEI

For President Trump: President Reagan’s radio address on free trade from November 26, 1988 – Publications – AEI

Summary:
AEI For President Trump: President Reagan’s radio address on free trade from November 26, 1988 The video above of President Reagan’s radio address towards the end of his second term on November 26, 1988, was just released today by the Reagan Library. Although Reagan’s comments on trade were made almost 30 years ago, they are still fresh and relevant today, maybe even more so in the new era of rising protectionism. And Trump, “the first authentic protectionist to win the White House since the 1920s,” should pay especially close attention to Reagan’s remarks, which expose many of Trump’s faulty ideas on trade. For example: Part of the difficulty in accepting the good news about trade is in our words. We too often talk about trade while using the vocabulary of war. In war, for one side to

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AEI
For President Trump: President Reagan’s radio address on free trade from November 26, 1988

The video above of President Reagan’s radio address towards the end of his second term on November 26, 1988, was just released today by the Reagan Library. Although Reagan’s comments on trade were made almost 30 years ago, they are still fresh and relevant today, maybe even more so in the new era of rising protectionism. And Trump, “the first authentic protectionist to win the White House since the 1920s,” should pay especially close attention to Reagan’s remarks, which expose many of Trump’s faulty ideas on trade. For example:

Part of the difficulty in accepting the good news about trade is in our words. We too often talk about trade while using the vocabulary of war. In war, for one side to win, the other must lose. But commerce is not warfare. Trade is an economic alliance that benefits both countries. There are no losers, only winners; and trade helps strengthen the free world. Yet today protectionism is being used by some politicians as a cheap form of nationalism.

… Our peaceful trading partners are not our enemies. They are our allies. We should beware of the demagogues who are ready to declare a trade war against our friends, weakening our economy, our national security and the entire free world. All while cynically waving the American flag. The expansion of the international economy is not a foreign invasion. It is an American triumph.

MP: President Trump, listen up!

For President Trump: President Reagan’s radio address on free trade from November 26, 1988
Mark Perry

Mark Perry
Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan’s Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.

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