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These deficits were increased by trade deficits, that had been occurring since Europe and Japan had recovered from WWII, Reagan maintained his belief in free trade with other nations and signed an agreement with Canada to open United States markets to the imports of foreign goods (Reagan Presidency 1)...
        
        
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Reagan attended eight conferences on free trade with the basic principle, "For free market to work everyone has to compete on an equal footing." The basis is that there will be winners and losers but people will have the right to choose, therefore balancing the market. In 1986, a free trade organization for agriculture was begun, that would eliminate subsidies during a ten year period but would watch the farmers it would help or hinder, and it became known as GATT (General Agreement on Tariffs and Trade (Reagan 355)
After only 69 days in office, Reagan is shot by John Hinckley Jr...
        
        
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