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The Irish Independent’s View: Ronald Reagan’s lessons on the futility of tariffs and trade wars …

US president Ronald Reagan giving an address to the nation from the Oval Office in 1987. Photo: Getty

US president Ronald Reagan giving an address to the nation from the Oval Office in 1987. Photo: Getty

Today at 03:30

“We’re in the same boat with our trading partners. If one partner shoots a hole in the boat, does it make sense for the other one to shoot another hole in the boat? Some say yes, and call that getting tough. Well, I call it stupid.” These were the words of US president Ronald Reagan in a 1987 radio address from Camp David.

‘The Gipper’ Ronald Reagan used to be an icon of the Republican Party, encapsulating what the party represents on right-leaning ideologies of conservatism, social conservatism and economic libertarianism.

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