Written on June 8, 2022 in
USA
Tariffs paid by American companies due to expiration of the GSP program are high and rising fast. Based on an analysis of new U.S. Census Bureau data, American companies paid at least $118 million in tariffs on products claiming GSP in April due to GSP expiration, eclipsing the (then) record $113 million paid in March....
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Written on June 1, 2022 in
USA
With the calendaring turning to June, GSP expiration now enters its 18th month, the 2nd longest lapse in history. GSP has often expired and been renewed retroactively, but Congress usually acts within 6 months. That Congress would allow GSP to remain expired for so long during a global pandemic, skyrocketing shipping costs, and spiking inflation...
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Written on May 23, 2022 in
USA
As Congress officially kicks off the House-Senate Conference negotiations on a China competition bill, a bipartisan group of 54 House Members sent a letter to Congressional leaders urging inclusion of the CNL Update Act (HR 6171) provisions in the final bill. Representatives Stephanie Murphy (D-FL) and Jackie Walorski (R-IN), the lead sponsors of t...
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