Reciprocal Trade Agreement Between the US and Canada
- In 1935, Canada and the United States, under the leadership of Mackenzie King and President Roosevelt, signed the Canada-US Reciprocal trade agreement which reduced tariffs between the two countries.
- This Treaty did not remove as many barriers as did the Reciprocal Treaty of 1854, but was a modest step forward.
- In 1938, another tariff reduction agreement was signed, building upon the one in 1935, which made it easier for Canada to export goods like fish, lumber, cattle, dairy products, potatoes, and even machinery and equipment to the US while also removing some barriers to imports.
- These two agreements were a positive step forward after years of trade wars between Canada and the US and was the first successful trade agreement after the 1854 reciprocity agreement.
Citation
United States Department of State. Office of the Historian. Reciprocal trade agreement between the United States and Canada, since November 15, 1935. Washington, D.C.: 1935. https://history.state.gov/historicaldocuments/frus1935v02/ch3subch1
Further Readings
For a journal article by the Journal of American History about the Canadian-American Trade Agreement of 1935: https://www.jstor.org/stable/1908808
For the Canadian Record of the Trade Agreement signed in 1938: https://www.treaty-accord.gc.ca/text-texte.aspx?id=104647
Overlapping Topics
Economy
Policy Sub-Topic
Policy Type
Agreement