Question

Why did Clinton agree to the revisions of the General Agreement on Tariffs and Trade?

to increase taxes on services moving between the United States, Mexico, and Canada

to reduce international tariffs on industrial goods by forty percent

to increase US tariffs on agricultural products by forty percent to end many taxes on goods traded among the United States, Mexico, and Canada​

Answer 1

Answer:

to reduce international tariffs on industrial goods by forty percent

Explanation:

Edge2020

Answer 2

The revisions of the General Agreement on Tariffs and Trade were agreed upon by Clinton as he wants to decrease the international tariffs on industrial goods by 40%.

What was GATT?

General Agreement on Tariffs and Trade is the extended form of GATT which was an agreement signed in the year 1947 in order to reduce the hurdles in relation to international trading between countries.

Clinton believed that the debts could only be reduced by increasing the trading between the countries, as a result, he agreed to the changes made in the General Agreement on Tariffs and Trade. The reduction in tariffs would actually result in a rise in imports as well as in exports.

Therefore, the reduction of international tariffs by 40% would be agreed upon by Clinton through revisions in GATT.

Learn more about the revisions in GATT in the related link:

https://brainly.com/question/3775247

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