Following World War II, many countries, led by the United States, negotiated a world regime of high tariffs.

Name: Following World War II, many countries, led by the United States, negotiated a world regime of high tariffs.
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Following World War II, the United States actually led efforts to negotiate a lower tariff regime to promote global trade and economic growth. This led to the creation of the General Agreement on Tariffs and Trade (GATT) in 1947 and later the World Trade Organization (WTO) in 1995.

Following World War II, Many Countries, Led by the United