US Presidency
1980

I have decided to halt or to reduce exports to the Soviet Union in three areas that are particularly important to them. These new policies are being and will be coordinated with those of our allies. I've directed that no high technology or other strategic items will be licensed for sale to the Soviet Union until further notice, while we revise our licensing policy. Fishing privileges for the Soviet Union in United States waters will be severely curtailed. The 17 million tons of grain ordered by the Soviet Union in excess of that amount which we are committed to sell will not be delivered. This grain was not intended for human consumption but was to be used for building up Soviet livestock herds. I am determined to minimize any adverse impact on the American farmer from this action. The undelivered grain will be removed from the market through storage and price support programs and through purchases at market prices.