Ronald Reagan Warned That Tariffs Destroy Prosperity — Trump Is Doubling Them Anyway, And Now US Tech Giants Like Apple And Nvidia Are Bracing For Impact

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What Happened: In his April 1987 radio address, President Reagan made a passionate case against protectionism, warning that tariffs would "hurt every American worker and consumer," drive prices higher, and ultimately lead to job losses. 

While it may look like they're doing the patriotic thing, Reagan said, over the long run such trade barriers hurt every American worker and consumer.

Former President Ronald Reagan once cautioned, "High tariffs inevitably lead to retaliation… and less and less competition," but Donald Trump is pushing forward with steep trade barriers anyway, and U.S.tech companies could be among the hardest hit.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets: United StatesChinaIndiaSouth KoreaTaiwanVietnam

Topics: US0378331005 US88160R1014 Donald Trump GOOGL US0231351067 TSM Ronald Reagan US5949181045 News AMD Markets US38259P5089 SSNLF INTC US38259P7069 US87612E1064 Government GOOG US67066G1040 AAPL US4581401001 Benzinga neuro MSFT TSLA US3453708600 Tech US0079031078 Benzinga NVDA AMZN US8740391003 TGT Tariffs F

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 08:03:26 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 621 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26915121

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