Read Case Study, Reagan, and 1984 Steel Negotiations.

1) What explains the decline in the U.S. steel industry, how did this happen, and who is to blame?2) Briefly, what were the three earlier efforts to protect the U.S. steel industry?3) Prepare a ?policy paper? for President Reagan:- Defines what is the problem he faces and what are the looming deadlines?- Identifies his possible policy choices?- Recommends what you think is the best policy choice/option for the President, and why.