The 1987 radio speech - Address to the Nation on Free and Fair Trade - begins with Reagan saying Japan's prime minister will visit the White House and "recent disagreements" on trade will be discussed. Reagan had recently placed tariffs on some Japanese goods over a trade agreement dispute.

The 1987 radio address by the late former U.S. President Ronald Reagan at the centre of a new U.S.-Canada row was a defence of free but fair trade in which he explained his decision to put duties on Japanese goods in a trade dispute.