Reagan hikes a tariff
By instinct, Ronald Reagan is no friend of protectionism, and he has gone to some lengths to prove it. His Administration has consistently attempted to blunt the intentions of some protection-minded members of Congress concerned with high levels of domestic unemployment. The President firmly believes that, as he has put it, "free trade serves the cause of economic progress and the cause of world peace." But even an ardent free-marketeer can make exceptions. Last week Reagan did, in a way that brought surprise and outrage from Japanese officials. Slapping...
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