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White House Sets 1972–74 Steel Import Limits With Japan and Europe
The United States reached agreements with Japan and seven European nations to curb steel imports through 1974. The new plan lowers annual export growth to 2.5 percent and aims to keep imports at about 15 percent of the U.S. market, with the United Kingdom among the curbers. The talks cover Belgium France West Germany Italy Luxembourg and the Netherlands. These measures seek to stabilize domestic steel producers and protect American jobs.
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Luxembourg
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