Ronald Reagan
The Public Record
Ronald Wilson Reagan was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. A member of the Republican Party, he previously held the office of governor of California from 1967 to 1975. Reagan's presidency is noted for significant tax cuts, a strong anti-communist foreign policy, and the deregulation of various industries. His administration also faced challenges such as the Iran-Contra affair and economic issues, including inflation and unemployment.
I am pleased to announce today a number of actions we are taking to facilitate the revitalization of the United States machine tool industry.
We must get on with the business at hand and put this issue behind us.
This legal process obtains the facts before Congress, but does not prevent those responsible for any wrongdoing from being brought to justice.
Japan and Taiwan have agreed to voluntarily restrain the level of their machine tool exports to this country for a period of 5 years beginning in January 1987.
I appreciate the willingness of Japan and Taiwan to discuss these questions of common importance in a cooperative and constructive manner.
We do not anticipate that domestic machine tool prices will rise significantly as a result of the actions announced today.
The revitalization of the domestic machine tool industry is primarily the industry's own responsibility.
The combined effect of the actions announced today will create new market opportunities for U.S. machine tool manufacturers of about 3,300 units provided that demand remains constant.
I call upon each American to help make the difference between the tragedy of alcohol-related motor vehicle accidents and the blessings of full health and life.





