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What Is GATT and What Happened to Tariff Rates as a Result

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What is GATT and what happened to tariff rates as a result of GATT?


Definitions:

Negotiator

A person skilled in conducting discussions between parties with the aim of reaching an agreement or resolving a conflict.

Win-lose Strategy

A competitive approach where one party's gain is directly correlated with another's loss.

Good Cop

A role often found in interrogation or negotiation scenarios, where an individual appears sympathetic or supportive to elicit cooperation or information.

Negotiation

The process of discussing an issue between two or more parties with differing views to reach a mutually acceptable agreement or solution.

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