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Nancy Pelosi strongly supported tariffs before Donald Trump came into the picture. Trump is accomplishing what Pelosi dreamed of achieving nearly three decades ago. In 1996, on the House floor, Representative Nancy Pelosi (D-CA) gave a speech highlighting America’s trade imbalance with China.
Fast-forward to 2025 when her political opponent implemented tariffs on China. Suddenly, Pelosi believes a tariff on China is “reckless” and told her party to repeat the message that Trump’s tariffs will damage the US economy and hurt the American people. “Donald Trump’s reckless tariffs will cause chaos in our economy, raise prices for consumers, and hurt hardworking American families. This is not a strategy — it’s the largest tax hike on the American people in history,” Pelosi wrote on X.
Yet, in 1996, Pelosi believed the opposite to be true and stated that China was stealing millions of US jobs. “In 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 our exports not let in very specifically, but China benefits with at least, at least, 10 million jobs from U.S.-China trade. The president in his statement, requesting the special waiver said that China trade supports 170,000 jobs in the United States whereas our imports from China support a 10 million jobs at least … the fact is that U.S.-China trade is a job loser.”
