{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='USA: RUSSIA AGREES TO LIMIT STEEL EXPORTS TO USA' data-url='/boclips/videos/5c54c00cd8eafeecae147cbf' data-video-url='/boclips/videos/5c54c00cd8eafeecae147cbf' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nUSA: RUSSIA AGREES TO LIMIT STEEL EXPORTS TO USA\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEnglish/NatRussia has agreed to limit shipments of steel to the United States over a five-year period to avoid imposition of punitive American tariffs.The agreement, which followed marathon bargaining talks in Paris, was announced in...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eRussia has agreed to limit shipments of steel to the United States over a five-year period to avoid imposition of punitive American tariffs.\u003cbr/\u003eThe agreement, which followed marathon bargaining talks in Paris, was announced in Washington by U-S Commerce Secretary William Daley on Tuesday. \u003cbr/\u003eAnnual quotas for Russian steel shipments will reduce imports for all Russian steel shipments by 64 percent this year compared to 1998, according to the Commerce Department.\u003cbr/\u003eThe quotas will gradually rise over  four years, climbing to a high of 725-thousand metric tonnes for hot rolled steel in 2003.\u003cbr/\u003eThat would still represent an 80 percent reduction from the 1998 level of imports of Russian hot rolled steel, according to U-S officials.\u003cbr/\u003eLingering hurdles in the U-S-Russian negotiations were reportedly cleared with the help of phone calls from Vice President Al Gore to Russian Prime Minister Sergei Stepashin on Monday. \u003cbr/\u003eSecretary Daley hailed the agreement as good for the U-S steel economy. \u003cbr/\u003eSOUNDBITE:  (English)  \u003cbr/\u003e\"These historic agreements will reverse the unprecedented surge in low-priced steel imports from Russia which occurred last year and prevent this type of surging in other steel products in the future.\"\u003cbr/\u003eSUPER CAPTION: William Daley, U-S Commerce Secretary \u003cbr/\u003eWhile claiming the deal is good for the steel industry, Daley admitted that steel workers are unlikely to be completely happy with the deal. \u003cbr/\u003eSOUNDBITE:  (English)  \u003cbr/\u003e\"We worked very closely in consultations with the (steel) industry and the steel workers' union during these negotiations over the last number of months, as we have worked closely with them on this whole issue of the surge that occurred last year and the crisis of 1998 in the steel industry.  Do I expect that they will support this?  No, I think they philosophically believe a suspension of agreements should not be reached.  But I think in the light of day, if you look at these levels and if you look at the impact that these cutbacks should have on the market, these are very good for the industry and for the steel workers, therefore.\"\u003cbr/\u003eSUPER CAPTION: William Daley, U-S Commerce Secretary \u003cbr/\u003eThe U-S steel industry has been hurt by a flood of cheap imports into the country following the global currency crisis, which sharply lowered demand for steel and other commodities because of the steep recessions in many Asian nations and Russia.\u003cbr/\u003eHigh tariffs to stem the tide were imposed in a case involving hot-rolled steel with Japan. \u003cbr/\u003eHowever, Russia entered into negotiations to avoid the imposition of tariffs - a move the steel industry favours because they are more effective at halting imports.\u003cbr/\u003eWhile trying to allay industry concerns, the Clinton administration also sought to accommodate Russian interests as a way of helping the country out of its economic troubles. \u003cbr/\u003eSteel is one of Russia's major industries, accounting for seven percent of its total economic output.\u003cbr/\u003e Washington, DC, U-S-A - July 13, 1999 + File \u003cbr/\u003eWashington, DC\u003cbr/\u003e1. U-S Commerce Department press conference room and Commerce Secretary William Daley enters\u003cbr/\u003e2. SOUNDBITE:  (English)  William Daley, U-S Commerce Secretary \u003cbr/\u003e3. Cutaway reporter\u003cbr/\u003e4. Cutaway officials \u003cbr/\u003e5. SOUNDBITE:  (English)  William Daley, U-S Commerce Secretary \u003cbr/\u003e6. Wide shot room  \u003cbr/\u003e7. Reporters\u003cbr/\u003eFile: \u003cbr/\u003e8. 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1999\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;grade_ids%5B%5D=259\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' 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