This week Dan Anthony, Executive Director of the Coalition for GSP, joined the Yeutter Institute’s Trade Matters podcast to discuss GSP, its importance to American businesses, and potential expiration.
The conversation covered lots of ground including:
- small business reliance – the typical GSP supporter company has 12 employees and saves $100,000 a year
- country suspensions impacts – Nebraska companies have saved $300,000 in 2020 but paid up to $830,000 due to suspensions)
- prospects for renewal this year – “I think whether it’s the Grassley bill or something like it, we’re probably looking at a simple extension, or we’re looking at another expiration”
- potential changes that could be under discussion – eligibility criteria, product coverage, product rules