Good Deal? Yes. Great Deal? No

The phone rang in the Oval Office at 8 a.m. on June 28. A weary Mickey Kantor was calling with good news: At the last moment, marathon talks with Japanese negotiators in Geneva had produced the outlines of a deal to resolve a bitter trade dispute. "We're just dotting the i's," the U.S. Trade Representative told Clinton. After his advisers endorsed the pact, Clinton phoned back: "Hey, Mick. Congratulations! It sounds like you did great."

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