Reciprocal Tariff Act

The Reciprocal Tariff Act (enacted June 12, 1934, ch. 474, 48 Stat. 943, 19 U.S.C. § 1351) provided for the negotiation of tariff agreements between the United States and separate nations, particularly Latin American countries. The Act served as an institutional reform intended to authorize the president to negotiate with foreign nations to reduce tariffs in return for reciprocal reductions in tariffs in the United States. It resulted in a reduction of duties.

Books/Sources

• Emergency tariff laws of 1921, and the Reciprocal trade agreement act of 1934, with all amendments - United States Udell, Gilman G.,

American History

Political History

Economic History

The Great Depression and World War II (1929-1945)

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