Since the completion of the original writing in 1978, and the publication of this Garland edition in 1987, several important events came to pass which underscored the importance and relevance of the study of the US foreign trade policy toward steel in the late seventies. One can read the story of US trade policy toward steel in 1977-79 as a critical step in the path which has been moving the US from a policy of organised free trade to one where increasing scope is allowed to market forces.
1. US Foreign Trade Decision-Making for Industrial Sectors 1.1. Introduction 1.2. Foreign Trade Policy and the International Economic System: Independent Variables 1.3. A Framework for Decision-Making Analysis 1.4. An Approach for US Foreign Trade Policy: Decision-Making in Industrial Sectors 2. Parameters for an Administration Position 2.1. Introduction 2.2. Commitment to the MTN – The Political Climate 2.3. Domestic Legal Framework for the Operation of International Trade – The Legal Claims 2.4. Market Sharing – The Ideological Background 3. International Political Economy 3.1. The Global Political Economy of Steel 3.2. Europe 3.3. Japan 3.4. Third World 4. Developing a Foreign Trade Policy for Steel 4.1. Introduction 4.2. A Matter of Foreign Trade Policy 4.3. The Structural Crisis and An Import Problem 4.4. Political Crisis – The Youngstown Effect 5. The Trigger Price System 6. International Steel Agreement 7. Conclusions