Been down on Capitol Hill for meetings this week on GSP renewal with Congressional staff and one issue keeps popping up: retroactive renewal (i.e., refunds for tariffs paid to date). The thinking is that any renewal will be limited in duration based on the funding available.
However, the question remains: given a limited GSP extension, would companies prefer a refund of past duties paid but less certainty about future GSP benefits? Or are they willing to forgo money paid in order to guarantee GSP benefits further into the future?
Since this question will be a key to the renewal debates going forward, we decided to toss it out to the peanut gallery.
Edit: Given its similarity to our other poll, we decided to combine them into one poll available here.
