Republican Party (United States) Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! ====Trade==== The Republican Party has taken widely varying views on [[international trade]] throughout its history. At its inception, the Republican Party supported [[Tariffs in United States history|protective tariffs]], with the [[Morrill Tariff]] being enacted during the presidency of Abraham Lincoln.<ref name="Platform">[http://www.cprr.org/Museum/Ephemera/Republican_Platform_1860.html ''Republican Party National Platform, 1860''] {{Webarchive|url=https://web.archive.org/web/20230813035120/http://cprr.org/Museum/Ephemera/Republican_Platform_1860.html |date=August 13, 2023 }} Reported from the Platform Committee by Judge Jessup of Pennsylvania and adopted unanimously by the Republican National Convention held at Chicago on May 17, 1860. [[Broadside (printing)|Broadside]] printing by [[Chicago Tribune|''The Chicago Press & Tribune'']], May 1860</ref><ref>{{cite book|author=Coy F. Cross II|title=Justin Smith Morrill: Father of the Land-Grant Colleges|url=https://books.google.com/books?id=5NYBqv3E7IMC&pg=PT45|year=2012|publisher=MSU Press|page=45|isbn=9780870139055}}</ref> In the [[1896 United States presidential election|1896 presidential election]], Republican presidential [[William McKinley]] campaigned heavily on high tariffs, having been the creator and namesake for the [[McKinley Tariff]] of 1890.<ref name="Phillips 2003 53"/> In the early 20th century the Republican Party began splitting on tariffs, with the great battle over the high [[Payne–Aldrich Tariff Act]] in 1910 splitting the party and causing a realignment.<ref>Stanley D. Solvick, "William Howard Taft and the Payne-Aldrich Tariff." ''Mississippi Valley Historical Review'' 50.3 (1963): 424–442 [https://www.jstor.org/stable/1902605 online] {{Webarchive|url=https://web.archive.org/web/20210307035528/https://www.jstor.org/stable/1902605 |date=March 7, 2021 }}</ref> Democratic president [[Woodrow Wilson]] cut rates with the 1913 [[Underwood Tariff]] and the coming of World War I in 1914 radically revised trade patterns due to reduced trade. Also, the new revenues generated by the [[federal income tax]] due to the [[Sixteenth Amendment to the United States Constitution|16th amendment]] made tariffs less important in terms of economic impact and political rhetoric.<ref>{{cite journal|last=Broz|first=J.L.|year=1999|title=Origins of the Federal Reserve System: International Incentives and the Domestic Free-rider Problem|journal=International Organization|volume=5353|issue=1|pages=39–46|doi=10.1162/002081899550805|s2cid=155001158 }}</ref> When the Republicans returned to power [[Emergency Tariff of 1921|in 1921 they again imposed a protective tariff.]] They raised it again with the [[Smoot–Hawley Tariff Act]] of 1930 to meet the [[Great Depression in the United States]], but the depression only worsened and Democrat [[Franklin D. Roosevelt]] became president from 1932 to 1945.<ref>Anthony O’Brien, "Smoot-Hawley Tariff." ''EH. Net Encyclopedia'' (2001) [https://www.eh.net/page/4/?s=crash online] {{Webarchive|url=https://web.archive.org/web/20230816220500/https://www.eh.net/page/4/?s=crash |date=August 16, 2023 }}.</ref> The [[Reciprocal Tariff Act]] of 1934 marked a sharp departure from the era of [[protectionism]] in the United States. American duties on foreign products declined from an average of 46% in 1934 to 12% by 1962, which included the presidency of Republican president [[Dwight D. Eisenhower]].<ref name="Bailey">{{cite journal|last=Bailey|first=Michael A.|author2=Goldstein, Weingast |title=The Institutional Roots of American Trade Policy|journal=World Politics|date=April 1997|volume=49|issue=3|pages=309–38|doi=10.1353/wp.1997.0007|s2cid=154711958 }}</ref> After World War II, the U.S. promoted the [[General Agreement on Tariffs and Trade]] (GATT) established in 1947, to minimize tariffs and other restrictions, and to liberalize trade among all capitalist countries.<ref name=barton>John H. Barton, [[Judith L. Goldstein]], Timothy E. Josling, and Richard H. Steinberg, ''The Evolution of the Trade Regime: Politics, Law, and Economics of the GATT and the WTO'' (2008)</ref><ref>{{cite journal |last1=McClenahan |first1=William |title=The Growth of Voluntary Export Restraints and American Foreign Economic Policy, 1956–1969 |journal=Business and Economic History |date=1991 |volume=20 |pages=180–190 |jstor=23702815 }}</ref> During the [[Ronald Reagan|Reagan]] and [[George H. W. Bush]] administrations Republicans abandoned protectionist policies,<ref name="Karagiannis">{{cite book |editor1-first=Nikolaos |editor1-last=Karagiannis |editor2-first=Zagros |editor2-last=Madjd-Sadjadi |editor3-first=Swapan |editor3-last=Sen |url=https://www.routledge.com/The-US-Economy-and-Neoliberalism-Alternative-Strategies-and-Policies/Karagiannis-Madjd-Sadjadi-Sen/p/book/9780415645058 |title=The US Economy and Neoliberalism: Alternative Strategies and Policies |publisher=[[Routledge]] |date=2013 |isbn=978-1138904910 |page=[https://books.google.com/books?id=aYKfai1RlPYC&pg=PA58 58] |access-date=August 14, 2023 |archive-date=August 13, 2021 |archive-url=https://web.archive.org/web/20210813193859/https://www.routledge.com/The-US-Economy-and-Neoliberalism-Alternative-Strategies-and-Policies/Karagiannis-Madjd-Sadjadi-Sen/p/book/9780415645058 |url-status=live }}</ref> and came out against quotas and in favor of the GATT and the [[World Trade Organization]] policy of minimal economic barriers to global trade. Free trade with Canada came about as a result of the [[Canada–U.S. Free Trade Agreement]] of 1987, which led in 1994 to the [[North American Free Trade Agreement]] (NAFTA) based on Reagan's plan to enlarge the scope of the market for American firms to include Canada and Mexico. President [[Bill Clinton]], with strong Republican support in 1993, pushed NAFTA through Congress over the vehement objection of labor unions.<ref>{{cite book|url=https://books.google.com/books?id=zP4wDcT3PeQC&pg=PA358|title=Encyclopedia of U.S. Campaigns, Elections, and Electoral Behavior|first=Kenneth F.|last=Warren|publisher=Sage Publications|year=2008|page=358|isbn=978-1412954891|access-date=August 14, 2023|archive-date=December 15, 2023|archive-url=https://web.archive.org/web/20231215023725/https://books.google.com/books?id=zP4wDcT3PeQC&pg=PA358#v=onepage&q&f=false|url-status=live}}</ref><ref>{{cite book|url=https://books.google.com/books?id=DxJZxwyMHHYC&pg=PT151|title=Unions in America|first=Gary|last=Chaison|publisher=Sage|year=2005|page=151|isbn=978-1452239477|access-date=August 14, 2023|archive-date=December 15, 2023|archive-url=https://web.archive.org/web/20231215024942/https://books.google.com/books?id=DxJZxwyMHHYC&pg=PT151#v=onepage&q&f=false|url-status=live}}</ref> In the 21st century, opinions on trade and protectionism have fluctuated, more recently splitting roughly on partisan lines. In 2017, only 36% of Republicans agreed that free trade agreements are good for the [[United States]], compared to 67% of Democrats. When asked if free trade has helped respondents specifically, the approval numbers for Democrats drop to 54%, however approval ratings among Republicans remain relatively unchanged at 34%.<ref>{{Cite web|url=http://www.pewresearch.org/fact-tank/2017/04/25/support-for-free-trade-agreements-rebounds-modestly-but-wide-partisan-differences-remain/|title=Support for free trade agreements rebounds modestly, but wide partisan differences remain|website=Pew Research|access-date=August 14, 2023|archive-date=April 11, 2023|archive-url=https://web.archive.org/web/20230411201429/https://www.pewresearch.org/fact-tank/2017/04/25/support-for-free-trade-agreements-rebounds-modestly-but-wide-partisan-differences-remain/|url-status=live}}</ref> The 2016 election marked the beginning of the trend of returning to protectionism, an ideology incorporated into Republican president [[Donald Trump]]'s platform.<ref>{{Cite journal|last=Swedberg |first=Richard|date=2018|title=Folk economics and its role in Trump's presidential campaign: an exploratory study|journal=Theory and Society|volume=47|pages=1–36|doi=10.1007/s11186-018-9308-8|s2cid=149378537}}</ref><ref name="Swanson">{{cite news |last=Swanson |first=Ana |date=July 5, 2018 |title=Trump's Trade War With China Is Officially Underway |url=https://www.nytimes.com/2018/07/05/business/china-us-trade-war-trump-tariffs.html |work=[[The New York Times]] |access-date=May 26, 2019 }}</ref> During his presidency, Trump initiated a [[China-United States trade war|trade war]] with China and negotiated the [[United States–Mexico–Canada Agreement|USMCA]] as a successor to NAFTA.<ref name="Swanson"/><ref>{{Cite web |last=Canada |first=Global Affairs |date=2022-04-21 |title=The Canada-United States-Mexico Agreement |url=https://www.international.gc.ca/trade-commerce/trade-agreements-accords-commerciaux/agr-acc/cusma-aceum/index.aspx?lang=eng |access-date=2022-10-13 |website=GAC}}</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. 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