Reagan did not, in fact, love tariffs. He often criticized government policies – including protectionist measures such as tariffs – that interfered with free commerce and he spent much of 1987 radio address spelling out the case against tariffs.
“High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars,” he said. “The result is more and more tariffs, higher and higher trade barriers, and less and less competition. So, soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying. Then the worst happens: Markets shrink and collapse; businesses and industries shut down; and millions of people lose their jobs.”
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