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  • 2 months ago

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00:01When someone says, let's impose tariffs on foreign imports, it looks like they're
00:06doing the patriotic thing by protecting American products and jobs. And sometimes
00:13for a short while it works, but only for a short time. But over the long run, such
00:18trade barriers hurt every American worker and consumer. High tariffs inevitably
00:25lead to retaliation by foreign countries and the triggering of fierce trade wars.
00:30Then the worst happens. Markets shrink and collapse, businesses and industries shut
00:36down, and millions of people lose their jobs. Throughout the world, there's a
00:42growing realization that the weight of prosperity for all nations is rejecting
00:47protectionist legislation and promoting fair and free competition.
00:52America's jobs and growth are at stake.
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