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Trade Expansion Dbq

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The Trade Expansion Act of 1962 aimed to reduce the number of restrictions and tariffs in an effort to increase foreign trade. The Trade expansion Act gave the president more power to control international trade and “The act authorized tariff reductions of up to 50 percent, subject to reciprocal concessions from the European partners. This marked a fundamental shift away from the traditional protectionist posture of the United States”. The US at the time was in a state of economic prosperity, however they saw that they could grow that prosperity even more by increasing foreign trade. The Act also helped to strengthen geopolitical relations with other countries as it increased the trade between these countries. However, it also gave the president

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