1 giug 1934 anni - Reciprocal Trade Agreement (June 1934)

Descrizione:

Congress passes Reciprocal Trade Agreements (1934) - lift Amer exports, for relief & recovery; Low-tariff policy measures, not wholesale tariff revision, Pacts effective w/o formal Senate approval → speedier action, no Congress lobbying, Willing to lower rates by 50% if other country willing to respond w/ similar reductionsn, Paved way for Amer-led free-trade int’l econ system after WWII