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Hey, everyone. It's JVL here with Tim Miller of the bulwark. And our friends in Canada

caused some trouble the other day. The government of Ontario ran an ad during a baseball game

in which they used audio of President Ronald Reagan talking about why tariffs were a bad idea and why fake

patriots like to claim that they bring prosperity, but they don't.

They actually kill jobs and slow down economies.

Tim, let's start out by listening to the ad.

We'd love to.

When someone says, let's impose tariffs on foreign imports, it looks like they're doing the patriotic thing

by protecting American products and jobs.

And sometimes for a short while it works,

but only for a short time.

But over the long run, such trade barriers

hurt every American worker and consumer. High tariffs inevitably lead to

retaliation by foreign countries and the triggering of fierce trade wars. Then the worst happens.

Markets shrink and collapse, businesses and industry shut down, and millions of people lose their jobs.

...