The Reciprocal Trade Agreements Act of 1934 allowed the President to lower tariffs by up to _____ of the existing level,subject to a tariff reductions by our trading partner

Question

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The Reciprocal Trade Agreements Act of 1934 authorized the President to negotiate tariff reductions of up to 50 percent of the existing levels, contingent upon reciprocal concessions from other countries.

The Reciprocal Trade Agreements Act of 1934 Allowed the President