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  1. Reciprocal Tariff Act - Wikipedia

    • Between 1934 and 1945, the United States signed 32 reciprocal trade agreements with 27 countries.Furthermore, the conclusion of the General Agreement on Tariffs and Trade was made by th… See more

    History

    The authorization under the RTAA has been granted for three years from the day of enactment (June 12, 1934) the RTAA. The authorization was extended to in 1937, in 1940, in … See more

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    Differences Between Rtaa and Other Trade Agreements

    Before the RTAA, if Congress wanted to establish a lower tariff for particular imports, it … See more

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    Historical Partisan Divide Over Tariffs and The Rtaa

    After the Civil War, Democrats were generally for trade liberalization, and Republicans were generally for higher tariffs. The pattern was clear in congressio… See more

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    Réciprocité

    Another key feature of the RTAA was that if Congress wanted to repeal a tariff reduction, it would take a two-thirds supermajority. That means that the tariff would hav… See more

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    World Changes Caused by Rtaa

    As American duties dropped off dramatically, global markets were also increasingly liberalized. World trade expanded rapidly. The RTAA was a US law but provide… See more

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  2. reciprocal trade agreement, international commercial treaty in which two or more nations grant equally advantageous trade concessions to each other. It usually refers to treaties dealing with tariffs. For example, one nation may grant another a special schedule of tariff concessions in return for equivalent advantages.
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  7. Eighty Years After the Reciprocal Trade Agreements Act

    WEBToday marks the 80 th anniversary of the Reciprocal Trade Agreements Act (RTAA), a new approach to trade policy passed by the New Deal Congress and signed into law by President Franklin D. Roosevelt.

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