', to which she replied: 'Is there anything we can do for you? For you are the one in trouble now.' ', to which she replied: 'Is there anything we can do for you? For you are the one in trouble now.' Truman took the presidential oath of office shortly after learning of Roosevelt's death. The day after assuming office Truman spoke to reporters: 'Boys, if you ever pray, pray for me now. Under the terms of the agreement, each country agreed to reduce overall tariff rates and to treat each co-signatory as a 'most favoured nation,' meaning that no non-signatory country could benefit from more advantageous tariff rates. Due to a combination of the Reciprocal Tariff Act, the GATT, and inflation, U.S. tariff rates fell dramatically between the passage of the Smoot–Hawley Tariff Act in 1930 and the end of the Truman administration in 1953.
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