Final answer:
The General Agreement on Tariffs and Trade (GATT) was designed primarily to deal with trade deficits, protectionism, and the overall fairness of U.S. trading partners by promoting international trade liberalization.
Step-by-step explanation:
The question pertains to various initiatives related to U.S. trade policy, with each aimed at addressing different economic concerns including trade deficits, protectionism, and fairness in trading relationships. Among the options, the General Agreement on Tariffs and Trade (GATT) was designed primarily to deal with such issues by promoting international trade liberalization and setting a common ground for negotiating tariffs, reducing protectionism, and ensuring fairness in trade practices. It was established in 1947 by 23 countries as a response to the protectionist measures like the Smoot-Hawley Tariff Act that contributed to the economic turmoil of the 1930s. GATT was later superseded by the World Trade Organization (WTO), which now oversees the continuation of GATT's mission with a larger membership of around 150 nations.
The Bretton Woods Agreement and the Marshall Plan were focused on financial stability and European postwar recovery, respectively, while the Trade Adjustment Assistance (TAA) Program helps workers displaced by international trade. Of the choices provided, GATT is directly related to the question at hand.