This was the result of a trade dispute with Europe about American chicken exports, a dispute that also remains with us to this day 60 years later. President Nixon put a 10% global tariff on the world in 1971. in response to an emerging, but small by contemporary standards, trade deficit. And through it all, America pursued the industrial strategy that Hamilton had laid out more than 200 years ago. (13:48–13:59)
CLAIM
Asserts that Nixon imposed a 10% global tariff in 1971.
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