Tariff rates remained high in the U.S.until the GATT in 1947.

Name: Tariff rates remained high in the U.S.until the GATT in 1947.
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The General Agreement on Tariffs and Trade (GATT) was a multilateral trade agreement signed in 1947, aimed at reducing trade barriers and tariffs around the world. Before the GATT, tariff rates in the U.S. (and other countries) were generally high, which hindered international trade. The GATT helped to lower these rates and promote free trade.

Tariff Rates Remained High in the U