Ronald Reagan actually said...

I felt it was necessary to let them know we were looking at them realistically.

Interview With Morton Kondracke and Richard H. Smith of Newsweek Magazine

03/03/1985

More Ronald Reagan Quotes

That's the lesson of the Smoot-Hawley tariff in 1930, which helped to trigger a worldwide trade war.

This recovery, the greatest one we've known in decades, has been done with this same trade imbalance.

Today I announced my intention to nominate two distinguished individuals.

Thomas W. Moses will be a valuable addition to the Advisory Committee on the Arts.