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After World War II, the United States shifted from high, targeted, country- and sector-specific tariffs to reciprocal trade agreements, leading to the establishment of the General Agreement on Tariffs and Trade and later, the World Trade Organization.
Authors
Sources
- U.S. tariff outcomes dependent on trading partner responses www.dallasfed.org via serper
Referenced by nodes (4)
- U.S. location
- World Trade Organization entity
- General Agreement on Tariffs and Trade concept
- World War I event