
An old video of Rep. Nancy Pelosi (D-Calif.) urging Congress to retaliate against Chinaโs tariffs on the United States is going viral for its uncanny resemblance to President Donald Trumpโs current tariff policies.
Recorded on the House floor in June 1996, the video features Pelosi calling on her colleagues to challenge the โstatus quoโ trade policies that had contributed to Americaโs growing trade deficit with China. She specifically urged lawmakers to address the disparity between American tariffs on Chinese goods and the higher tariffs imposed by China on U.S. products.
โIn terms of tariffs, itโs 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,โ Pelosi said then.
She then asked, โIs that reciprocal?โ before calling the U.S.-China trade relationship a โjob loserโ for America.
โIn terms of jobs, this is the biggest and cruelest hoax of all. Not only do we not have market access, not only do they have prohibitive tariffs, not only are our exports not let in very specifically, but China benefits with at least, at least, 10 million jobs from U.S.-China trade,โ she said.
Pelosi went on to point out how the U.S. was only getting 170,000 American jobs out of the relationship at the time.
โThe fact is that U.S.-China trade is a job loser,โ she said.
Fox News host Jesse Watters played the clip during a Friday show segment.
WATCH:
The nearly 30-year-old clip has reemerged following President Trumpโs recent imposition of reciprocal tariffs on China and several other nations this week. Most Democratic lawmakers, including Pelosi, have opposed this approach.
During his โLiberation Dayโ speech in the White House Rose Garden on Wednesday, Trump announced tariffs to address the U.S.โs trade discrepancies worldwide.
โFor decades, the United States slashed trade barriers on other countries, while those nations placed massive tariffs on our products and created outrageous non-monetary barriers to decimate our industries,โ Trump said.
Trump cited the European Union, explaining that the U.S. would impose a 20% tariff on its member nationsโcompared to the EUโs 39% tariff on U.S. goods. He added that Japan would face a 24% tariff, in contrast to the 46% it charges on U.S. products, while China would be hit with a 34% tariff, compared to the 67% it levies on American exports.
Other left-wing lawmakers seem to have changed their tune on tariffs and addressing Americaโs trade deficits. Sen. Bernie Sanders, I-Vt., posted to X on Mar. 17: โNot surprisingly, Trumpโs overall tax and tariff proposals would make the very rich much richer and working families poorer. If you earn less than $360,000 a year, your taxes are going to go way up. If youโre in the top 1%? Donโt worry. Youโll save big.โ
But, as the above clip played by Watters showed, in 2008 Sanders was all for tariffs and other protectionist policies to keep U.S. jobs from going overseas.
โFurther, what they have said is that we need to not worry about manufacturing in America because what we should establish is a policy of unfettered free trade. We donโt need tariffs,โ he said sarcastically.
Continuing to mock this anti-protectionist perspective, he added, โWhat we need is to allow corporate America the freedom โ the freedom โ to throw American workers out on the street, people who are making $15, $20, $25 an hour, healthcare pensions โ throw them out on the street โ because somehow, Madame President, we are going to create wealth in America and good paying jobs in America as we shut down plants, we move to China.โ
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