The President's steel import program

The President's steel import restraint program has as its goal limiting imports of steel to 18.5 percent of the U.S. market for finished steel products and 20.2 percent for all steel products. One year after the announcement of the program, it appears that the goal for all steel products will only partially be achieved for the 1986-89 period. The import market share for all steel products could be reduced, but only to about 22.6 percent of the U.S. market. The ultimate success of the program hinges on the results of negotiations of voluntary export restraint agreements with countries or regions not presently subject to them.