Search by tag: gsp-expiration

Clark Griswold would hate GSP expiration

Written on December 23, 2021 in USA

So should any Member of Congress or Administration official that wants supply chains to move out of China. We’re not talking about crazy cousins or wet carpets or squirrels in trees. We’re talking about Christmas lights, one of the thousands of products impacted by continued expiration of the Generalized System of Preferences (GSP) trad...

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Coalition for GSP Applauds Introduction of Bipartisan “CNL Update Act” by Reps. Stephanie Murphy and Jackie Walorski

Written on December 10, 2021 in USA

Washington (December 10, 2021)– The Coalition for GSP applauded the introduction of the “CNL Update Act,” bipartisan legislation to update the Generalized System of Preferences’ competitive need limitation (CNL) rules and provide additional guidance for the Administration as it conducts country- and product-specific reviews ...

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October 2021 would’ve been the highest month ever for GSP savings – if GSP wasn’t expired

Written on December 8, 2021 in Alabama

Based on an analysis of new U.S. Census Bureau data released yesterday, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $110 million in October 2021. Had congressional authorization for GSP not expired on December 31, 2020, it would’ve been the highest month of tariffs eliminated in the histo...

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