As a result of the GATT,average U.S.tariff rates have fallen from 50% in 1930 to less than 4% today.

Name: As a result of the GATT,average U.S.tariff rates have fallen from 50% in 1930 to less than 4% today.
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The General Agreement on Tariffs and Trade (GATT) was signed in 1947 with the goal of reducing tariff barriers and promoting international trade. As a result, average U.S. tariff rates have decreased significantly, from around 50% in 1930 to less than 4% today.

As a Result of the GATT,average U