Why do presidents link issues in some international negotiations but not others? Existing explanations stress the value of linkage to negotiating states, the role of interest groups, and the costs of linking. I argue that issue linkage can be driven by prospective benefits for the negotiator. In the context of U.S. negotiating practices, presidents will press for issue linkage in their own interests. Using archival documents and taped conversations, I demonstrate that presidential interest dictated U.S. adoption or rejection of linkage between economics and security during the Nixon administration's quest to secure voluntary export restrictions on textiles from Japan, Hong Kong, South Korea, and Taiwan during 1969–71.