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The Nation

September 05, 1986

The United States will ask Canada, Taiwan and Sweden to reduce their steel exports, U.S. Trade Representative Clayton K. Yeutter said. He said that steel being imported from the three nations threatens to undermine the Reagan Administration's program for reducing the foreign share of the U.S. market--from about 25% to about 18.5%--in five years. The effort is based on separate restraint agreements with 18 major steel-exporting nations. Canada, Sweden and Taiwan were not asked to participate because they had insignificant shares of the U.S. market when the plan was introduced in 1984.

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