This afternoon, President Trump signed the omnibus spending bill that includes the GSP renewal language passed by the House in February. The bill: renews GSP through December 31, 2020; refunds tariffs paid from January 1 through the reinstatement date; changes the annual review announcement date from July 1 to November 1; updates some dates related...
Continue readingLast night, an “omnibus” spending bill was introduced that includes the GSP renewal language passed by the House in February. If Congress passes the bill tomorrow – the goal since government funding runs out at 12:01AM Saturday – GSP benefits would go back into effect on April 22. The bill would extend GSP through December.....
Continue readingThis week we heard from two small businesses impacted by GSP expiration – Sugarpod LLC in Hillsboro, Oregon and Inplac in Charlotte, North Carolina – that reported paying $24,959.85 and $30,172.01 so far because of GSP expiration. Not $25,000 and $30,000, or even $24,960 and $30,172, but $24,959.85 and $30,172.01. Because every penny of...
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