Reciprocal Trade Agreements Act had goal of reducing

Question

How Reciprocal Trade Agreements Act had goal of reducing tariffs?

Answer 1

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.