Editing Reciprocal Tariff Act (section)

=== History ===
The authorization under the RTAA has been granted for three years from the day of enactment (June 12, 1934) the RTAA.<ref>June 12, 1934, ch. 474, 2 2, 48 Stat. 944</ref> The authorization was extended to in 1937,<ref>Mar. 1, 1937, ch. 22, 50 Stat. 24</ref> in 1940,<ref>Apr. 12, 1940, ch. 96, 54 Stat. 107</ref> in 1943,<ref>June 7, 1943, ch. 118, 1, 1, 57 Stat. 125</ref> in 1945.<ref>July 5, 1945, ch. 269, 1, 1, 59 Stat</ref>

The extension law was not enacted by June 11, 1948, the due date of the extension in 1945, and the right of reduction was revoked. The extension law<ref>Sept. 26, 1949, ch. 585, 3 3, 63 Stat. 698</ref> was established on November 26, 1949, and was extended until June 11, 1951, and then 1951. The year was extended by two years<ref>June 16, 1951, ch. 141, 2 2, 9 (a), 65 Stat. 72, 75</ref> and revoked in 1953 and extended on August 7.,<ref name="Aug. 7 1953">Aug. 7, 1953, ch. 348, title I, 101 101, 67 Stat. 472</ref> also for one year until 1954. Met. The 1954 extension <ref name="Aug. 7 1953"/> was also for one year, {{clarify|reason=sentence incomplete|text=but from 1955 to the June 30, 1958 extension|date=November 2020}}.<ref>July 1, 1954, ch. 445, 1, 1, 68 Stat. 360; June 21, 1955, ch. 169, 2 2, 69 Stat. 162</ref> The law, which was once revoked in 1958 but extended on 30 August 1960, was enacted.<ref>Pub. L. 85-686, 2 2, Aug. 20, 1958, 72 Stat. 673</ref><ref group="Note">This Act has amended Article 2 (c) (19 U. SC 135 1352 (c)) of the 1934 Reciprocity–Commerce–Committee Act in which the extension law up to that stipulates the period of authority. In contrast, the 1958 Extension Act stipulates that Article 2 itself will extend the time limit.</ref>

The RTAA, which has been updated intermittently until 1961, is a multilateral trade negotiation in GATT<ref>1st to 4th and [[Dillon round]]</ref> and negotiations with new member states.<ref>For example, it became the basis of the United States tariff reduction under the Japan Accession Protocol.</ref>

The power to cut down expired in 1961, but in November, President Kennedy advocated a new tariff reduction negotiations, which would be called [[Kennedy Round]], and in response, the new tariff reduction, the Trade Expansion Act of 1962,<ref>Pub. L. 87-794, Oct. 11, 1962, 76 Stat. 872</ref> was enacted, and the President was granted the power to reduce tariffs by June 30, 1967.

From then on, rounds and [[free trade area]] negotiations in GATT (later [[WTO]]) included the negotiating powers of non-tariff measures in the respective legislation, such as the [[Trade Act of 1974]], was granted to the President, but the power to reduce tariffs was generally similar to the RTAA.