Trade Agreements Act, 1934
- Passed in 1934, the Trade Agreements Act enabled the president to negotiate tariff agreements with foreign governments and increase or reduce rates by up to 50 percent to stimulate trade and promote economic recovery. By 1937, some 30 agreements had been negotiated by Secretary of State Cordell Hull.
Historical Dictionary of the Roosevelt–Truman Era . Neil A. Wynn . 2015.
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