Average Reduction in US Tariff rates 1947-85 120 Index 00 Pre-Geneva 80 Tariff =100 GATT Negotiating Rounds McGraw-HillIrwoin @2003 The McGraw-Hill Companies, Inc, All Rights Reserved.McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc., All Rights Reserved. 5-3 Average Reduction in US Tariff Rates 1947 - 85 0 2 0 4 0 6 0 8 0 100 120 Pre-Geneva Geneva Annecy Torquay Geneva Dillon Kennedy Tokyo Index Pre-Geneva Tariff = 100 GATT Negotiating Rounds