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Trump's Tariffs Could Defeat Benefits of His Tax Cuts. Ask Reagan

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One of the ironies of trade protectionism is that tariffs and import quotas are what we do to ourselves in times of peace and what foreign nations do to u‎s with blockades to keep imports from entering our country in times of war.We impose sanctions on American enemies such as North Korea, Russia and Iran because we want them to feel the economic pain of being deprived of imports.Now we are imposing sanctions on our own country by punishing with tariffs in order to make Americans more...

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