Trade Expansion Act
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Under the Trade Expansion Act of 1962 (Pub.L. 87-794, 76 Stat. 872, enacted 1962-10-11, ), the United States Congress granted the White House unprecedented authority to negotiate tariff reductions of up to 50%. It paved the way for the Kennedy Round of General Agreement on Tariffs and Trade ("GATT") negotiations, concluding on June 30, 1967 — the last day before expiration of the Act.
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