According to multiple recent press reports, adding eligibility criteria has become the hang up for GSP renewal. There doesn’t seem to be opposition to the idea of potentially adding new criteria, but the timing. Senate Finance Committee Chairman Grassley introduced a 16-month extension to give give “time for debate on any changes that m...
Continue readingYesterday, House Ways & Means Trade Subcommittee Chairman Blumenauer released legislation to renew GSP. Introduction of a House bill is welcome, but there are concerns with provisions in the bill and almost no time to address them. As such, program users continue to believe the best way to avoid painful new taxes on American companies...
Continue readingGSP will expire in just a few weeks if Congress doesn’t pass legislation reauthorizing it beyond December 31. Failure to do so will lead to millions of dollars a day in new tariffs on American companies, hundreds of which sent a letter to Congress urging renewal last week. More important than the raw dollars are...
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