The Reciprocal Trade Agreements Act of 1934 allowed the president to lower tariffs by up to ______________ of the existing level, subject to a tariff reduction by our trading partner.

Question

Quizplus · Accepted Answer

The Reciprocal Trade Agreements Act of 1934 authorized the president to reduce tariffs by up to 50 percent of the existing level, provided that the trading partner involved agreed to reciprocate with similar reductions, facilitating international trade and economic recovery during the Great Depression.

The Reciprocal Trade Agreements Act of 1934 Allowed the President