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  • The Atlantic

    Donald Trump Is No Ronald Reagan

    The president says he’s taking cues on tariffs from 1980s trade policy—but he’s missing critical components.
    by Amy Merrick Jun 11, 2018 4 minutes
    Source: Carlos Barria / Reuters

    “We’re like the piggy bank that everybody’s robbing,” President Donald Trump said at a Saturday news conference at the G7 summit in Canada. “And that ends.”

    The president, who perceives that the U.S. is being treated unfairly by its trading partners, had imposed tariffs on steel and aluminum imports from Canada, Mexico, and the European Union, along with a threat of further penalties. After a press conference in which Canadian Prime Minister Justin Trudeau reiterated that his country plans to retaliate against the new tariffs, Trump said that when it comes to a potential trade battle, “We win that war a thousand times out of a thousand.”

    Trump’s tariffs puzzle many economists; they are unlikely to effectively address or to . But the in Pennsylvania. “I remember. His tariff on Japanese motorcycles was 45 percent, and his tariff to shield America’s semiconductor industry was 100 percent, and that had a big impact, folks. A big impact.”

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