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The United States and Soviet Union signed a historic agreement to cut back
long-range nuclear weapons by more than 30% over the next seven years. In
private meetings following the 17th Annual Economic Summit of the leaders of
the seven major industrial democracies (often called the G-7 Summit), President
Bush and Soviet President Gorbachev ironed out the remaining details of an arms
control treaty. (Gorbachev surprised the G-7 leaders by arriving on the last
day of the conference.) The leaders of Germany, Japan, the United States, the
United Kingdom, France, Italy, and Canada met to discuss how best to stabilize
the Soviet economy.
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