Ronald Reagan

“ I have determined pursuant to Section 301 of the Trade Act of 1974, as amended (the Act) (19 U.S.C. 2411) , that these restrictions deny benefits to the United States arising under the General Agreement on Tariffs and Trade (GATT) (61 Stat. (pts. 5 and 6) ) , are unreasonable, and constitute a burden or restriction on United States commerce. Discussions with Japan concerning the elimination of these restrictions have resulted in an understanding as to the appropriate course of action to be taken by both the United States and Japan. ”

“ Pursuant to Section 301 (a) of the Act, such actions can be taken on a discriminatory basis solely against the foreign government or instrumentality involved. Section 301 (d) (1) of the Act (19 U.S.C. 2411 (d) (1) ) authorizes the President to take action on his own motion. ”