FLASHBACK: 30 years ago, Nancy Pelosi demanded Congress confront Chinese tariffs on American goods
An old video of Rep. Nancy Pelosi, D-Calif., urging Congress to retaliate against
China’s tariffs against the United States is going viral for how much it sounds like President Donald Trump’s current tariff policies.
The video, recorded on the House floor in June 1996, featured the lawmaker urging her colleagues to fight against the "status quo" trade policies that had contributed to America’s trade deficit with China. She specifically called on lawmakers to address the fact that American tariffs on Chinese goods paled in comparison to Chinese tariffs on U.S. goods.
"In terms of tariffs, it’s interesting to note that the average U.S. MFN [Most Favored Nation] tariff on Chinese goods coming into the United States is two percent, whereas the average MFN tariff on U.S. goods going into China is 35 percent."
The congresswoman asked, "Is that reciprocal?" She also went on to call the U.S.-China trade relationship a "job loser."..................
Old videos show Rep. Nancy Pelosi, D-Calif., and Sen. Bernie Sanders, I-Vt., defending the use of U.S. tariffs to protect U.S. workers, while today they oppose Trump's tariffs.
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