According to the Reciprocal Trade Agreements Act of 1934, the president could lower tariffs by up to 50 percent of the existing level without congressional approval.

Name: According to the Reciprocal Trade Agreements Act of 1934, the president could lower tariffs by up to 50 percent of the existing level without congressional approval.
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This is true. The Reciprocal Trade Agreements Act of 1934 allowed the president to negotiate and lower tariffs without congressional approval, up to a certain extent.

According to the Reciprocal Trade Agreements Act of 1934, the President