In 2025, a malaise surrounds global trade as tariffs rise, reflecting Ronald Reagan’s warnings in “The Truth of Tariffs.” He noted that tariffs briefly protect jobs but soon stifle innovation, as industries lean on government aid instead of competing. Today, this complacency is evident, with protected sectors lagging in global markets.
Reagan also foresaw retaliation, and in 2025, trade wars escalate as nations counter tariffs with their own. Higher barriers shrink markets, raise prices, and deter buyers, risking collapse. Early signs show declining trade and strained supply chains, echoing his concerns about inefficiency undermining prosperity.
Looking forward, unchecked tariffs could mirror the 1930s collapse Reagan referenced, with job losses and shuttered businesses. Yet, embracing competition and innovation could avert this fate. The challenge is balancing national interests with global trade benefits, avoiding the pitfalls of isolationism that threaten economic stability.
