Final answer:
The Reciprocal Trade Agreement Act is a legislation passed by the United States Congress in 1934. It aimed to promote international trade by reducing tariffs on imports and providing the President with the authority to negotiate bilateral trade agreements.
Step-by-step explanation:
The Reciprocal Trade Agreement Act was a legislation passed by the United States Congress in 1934. It aimed to promote international trade by reducing tariffs on imports and providing the President with the authority to negotiate bilateral trade agreements. Under this act, the President was authorized to negotiate reciprocal trade agreements with other countries, allowing for tariff reductions on certain goods.