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Reciprocal Trade Agreements Act had goal of reducing

How Reciprocal Trade Agreements Act had goal of reducing tariffs?

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1. It gave the President the power to negotiate reductions up to 50 percent if the trading partner also reduced its tariffs.

2. It included “most-favored-nation” clauses in agreements so other nations also benefit when negotiations succeeded with one particular country. For example, if the U.S. negotiated a reduction in tariffs with France, to lower American tariffs on French imports, the imports of other nations having most favored nation status, say, Sweden would also be reduced.

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    How Reciprocal Trade Agreements Act had goal of reducing tariffs?

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