Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Uncle Trumpy claims the Canadian-sponsored ad was "FAKE." The Reagan Foundation said the editing was unauthorized and misrepresented Ronny's message. No way.
The use of Reagan's radio message really irked President Trump! The party that once trumpeted free-market capitalism (with all its warts) marches towards "state capitalism."
"US President Donald Trump halted all trade negotiations with Canada earlier this week over an advert in which former President Ronald Reagan says tariffs 'hurt every American'".
"The ad, sponsored by Canada's province of Ontario and released last week, features excerpts of an address Reagan gave in 1987 focusing on foreign trade."
"Trump called the advert 'FAKE' while The Ronald Reagan Foundation said it 'misrepresents' the former president's address. Ontario later said it would stop running it so trade talks could resume."
"While the minute-long advert only includes excerpts from the original, five-minute-long address, it does not alter Reagan's words. It does however alter the order in which he made the comments."
President Reagan was a free market capitalist. The issue over the advertisement is that he had just placed tariffs on Japan and Japan alone, which was left out of the advertisement. There is a difference in placing tariffs on one country versus most of the rest of the world. I believe if Mr. Reagan were here today, he would disagree with the tariffs today.
"The 1987 radio speech - Address to the Nation on Free and Fair Trade - begins with Reagan saying Japan's prime minister will visit the White House and "recent disagreements" on trade will be discussed. Reagan had recently placed tariffs on some Japanese goods over a trade agreement dispute."
Comments
The party that once trumpeted free-market capitalism (with all its warts) marches towards "state capitalism."
over an advert in which former President Ronald Reagan says tariffs 'hurt every American'".
"The ad, sponsored by Canada's province of Ontario and released last week,
features excerpts of an address Reagan gave in 1987 focusing on foreign trade."
"Trump called the advert 'FAKE' while The Ronald Reagan Foundation said it 'misrepresents'
the former president's address. Ontario later said it would stop running it so trade talks could resume."
"While the minute-long advert only includes excerpts from the original, five-minute-long address,
it does not alter Reagan's words. It does however alter the order in which he made the comments."
https://www.bbc.com/news/articles/clyz1e201r8o
"The 1987 radio speech - Address to the Nation on Free and Fair Trade - begins with Reagan saying Japan's prime minister will visit the White House and "recent disagreements" on trade will be discussed. Reagan had recently placed tariffs on some Japanese goods over a trade agreement dispute."