Ronald Reagan

“ In July 1982, Argentina took further action inconsistent with its obligation under the Agreement. Since adequate compensation has not been received for Argentina's breach of the Agreement, I have determined that it is in the best interest of the United States to terminate the Agreement, and it has been terminated by an exchange of notes between the two parties, effective on October 30, 1982. I have further decided that the rate of duty on TSUS item 121.61 shall on that date be restored to the level at which it would have been but for the Agreement. ”