And we allowed large non market economies into the world trading system, gave them the same tariff treatment as we did to market economies, and we didn't hold them accountable to the commitments they made in the process. At the same time, The United States unilaterally disarmed. We slashed our tariff rates below the rates of nearly all our trading partners. We opened our borders to unprecedented and nearly unlimited flows of foreign labor, capital goods and services. And meanwhile, other countries continued to use the tools that America had innovated, but they used them against us. (24:09–24:16)
CLAIM
Asserts that the U.S. reduced its tariff rates below those of most trading partners.
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