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250 Years of US Trade Policy

ChinaTalk

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The Evolution of U.S. Trade Policy

This chapter examines the intricate history of U.S. trade policy, focusing on key legislative milestones such as the Smoot-Hawley Tariff and the General Agreement on Tariffs and Trade (GATT). It highlights the challenges Congress faced in managing tariffs while showcasing the significant role of presidential authority in trade negotiations. The chapter also contrasts past and present trade dynamics, delving into the complexities of globalization and the ongoing impact of historical decisions on current policy.

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