Congress renewed the GSP program through December 31, 2020, yet the Trump Administration could take actions effectively gutting the GSP program before it comes up again for congressional reauthorization.
What benefits are at risk? In March 2019, USTR announced its intent to terminate GSP benefits for India and Turkey. These could take effect as soon as early May.
Announcements could come at any time on pending reviews for countries such as Thailand and Indonesia. In total, countries under review accounted for 63% of the $1+ billion in 2018 GSP savings.
That’s not all: USTR is conducting assessments of GSP countries in Europe and Western Hemisphere (e.g., Brazil, Argentina) that could lead to more “self-initiated” reviews soon.
If your company uses GSP – in particular if it would be hurt by loss of benefits for those countries – please add it to our FREE supporter list by filling out the form below. It is critical to have organizations in as many states and congressional districts as possible supporting a robust GSP program. Supporter list organizations will receive periodic updates on GSP and issues that could impact their benefits.