Abstract

The 1934 Reciprocal Trade Agreements Act (RTAA) changed the structure of the making of U.S. trade policy and made possible a dramatic reduction in tariffs. The authors demonstrate that the key institutional innovation in the RTAA was its mandate to lower tariffs through reciprocal agreements with foreign nations. The expansion of exports under the RTAA enhanced political support for increasingly lower U.S. tariffs. Evidence that export interests were positively associated with congressional votes for free trade supports this view.

Additional Information

ISSN
1086-3338
Print ISSN
0043-8871
Pages
pp. 309-338
Launched on MUSE
1997-04-01
Open Access
No
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