Category: USA

Coalition for GSP statement on Congress’ failure to renew GSP

Written on December 21, 2020 in USA

Coalition for GSP Executive Director Dan Anthony released the following statement regarding Congress’ failure to reauthorize the Generalized System of Preferences (GSP) program, which expires on December 31, 2020, as part of the Omnibus spending package:  Hundreds of American companies and associations committed to work with congressiona...

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What’s the opposite of stimulus? GSP expiration.

Written on December 17, 2020 in USA

Jobless claims rose for the second straight week to a level not seen since the end of summer, following a mere 245,000 jobs added in November. The situation is expected to get worse before it gets better. What would be the opposite of relief for small businesses and workers that Congress always claims to be...

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Congress must renew GSP today because even “retroactive” renewals cause irreparable harm to American companies and workers

Written on December 16, 2020 in USA

We’ve heard, both in the past and more recently, that letting GSP expire does not cause harm – and is therefore somehow acceptable – because tariffs paid are eventually refunded. While past “retroactive renewals” have refunded tariffs paid, GSP expiration does lasting damage that should be avoided at all costs. A willi...

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