Ronald Reagan actually said...

"I have determined that the Agreement between the Governments of Japan and the United States of America Regarding Trade in Semiconductors, to be implemented by an exchange of letters, is an appropriate..."

"I recognize that the budget cuts resulting from the fiscal year 1986 sequestration order represent an imperfect way to reduce the Federal budget deficit."

"Any future failure by the Government of Japan to meet the commitments and objectives of the Agreement would be inconsistent with a trade agreement or an unjustifiable act that would burden or restrict..."

"The satisfactory resolution of this problem demonstrates our ability to help U.S. industries and to resolve contentious trade disputes through the negotiating process."