GSP 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...
Continue readingU.S. job growth slowed to just 245,000 jobs in November – the lowest level of the recovery to date – and there are still almost 10 million fewer U.S. jobs than in February. If Congress allows GSP to expire on December 31, American companies would face millions of dollars a day in new taxes on...
Continue readingOn December 1, 284 American companies and associations sent a letter to Senate Majority Leader McConnell, Senate Democratic Leader Schumer, House Speaker Pelosi, and House Republican Leader McCarthy urging immediate passage of legislation extending the Generalized System of Preferences (GSP). [If you missed the deadline but want Congress to renew G...
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