The horrific decision stated that I would have to get the approval of Congress for these Tariffs. In other words, hundreds of politicians would sit around D.C. for weeks, and even months, trying to come to a conclusion as to what to charge other Countries that are treating us unfairly. If allowed to stand, this would completely destroy Presidential Power - The Presidency would never be the same!

This is one of the most important days, in my opinion, in American history. It's our declaration of economic independence.

They charge us, we charge them, we charge them less. So how can anybody be upset? They will be, because we never charged anybody anything. But now we're going to charge.

From 1789 to 1913 we were a tariff-backed nation, and the United States was proportionately the wealthiest it has ever been.

Then in 1929 it all came to a very abrupt end with the Great Depression. And it would have never happened if they had stayed with the tariff policy.

Kuwait - they live like kings. The poorest person in Kuwait, they live like kings. And yet, they're not paying. America makes it possible for them to sell their oil. Why aren't they paying us 25 percent of what they're making? It's a joke.