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date: 16 July 2019

Abstract and Keywords

This article describes various U.S. legislative and executive branch actions over the last 75 years that have produced the reduction in protectionism and explores the underlying economic and political conditions that have influenced these events. It covers trade liberalization under the Reciprocal Trade Agreements Program, 1934–1962; significant multilateral reductions in tariffs and nontariff trade barriers but with selective protectionism, 1962–1994; and the post-Uruguay Round period.

Keywords: trade policies, trade liberalization, Reciprocal Trade Agreements Program, tariffs, trade barriers, protectionism

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