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Trump says 'bad on trade' Reagan 'folded' to Japan

President Donald Trump called former President Ronald Reagan “bad on trade” in a Tuesday interview, pointing to a moment when he said Reagan “folded” to Japan in auto industry negotiations. “I liked Ronald Reagan, but Ronald Reagan was bad on trade,” Trump told Larry Kudlow in a Fox Business interview. “He had the big shootout with Japan, and he folded, and they came in and took our car market.” Reagan famously negotiated voluntary export restra…

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Washington Examiner broke the news in Washington, United States on Wednesday, February 11, 2026.
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