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President Ronald Reagan's powerful legacy is more relevant today than ever. Peace through strength, deregulation, tax cuts, and fighting for the working class.

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A 1982 video of a Ronald Reagan radio address — in which the then president slams tariffs and advocates for free trade — has gone viral with a certain subset of bankers and business executives.

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So, when he came into office, Reagan took a very limited, very strategic approach when it came to tariffs. He once explained his reasoning during one of his weekly radio broadcasts in 1987.