10/27/1986
https://www.presidency.ucsb.edu...
"Our position is clear: The playing field should be level, the ground rules should be set, and all players should stick to the rules."
"We learned that lesson half a century ago when we tried to balance the trade deficit by erecting a tariff wall around the United States."
"The answer to our trade balance problem is not to close our markets, cut imports, or collapse trade."
"The end result of this absurdity is industrial stagnation: no new factories, no new development, and no new jobs."