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It took a poopy on my shmoopy

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It took a poopy on my shmoopy

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Congress took corrective action by passing the Reciprocal Trade Agreements Act of 1934, which empowered the president to reduce tariffs by 50 percent on goods from any other country that would agree to similar tariff reductions.

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Trade expansion act

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the reciprocal trade agreements act reversed the trend towards higher tariffs

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To encourage American companies to export any excess industrial and agricultural production, Congress passed the Reciprocal Trade Agreements Act in 1934, authorizing the president to reduce TARIFFS by as much as 50% if they were found to be hindering American trade.

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