The Coalition for GSP welcomes introduction of the Trade Preferences and American Manufacturing Competitiveness Act of 2021, which would renew the Generalized System of Preferences (GSP) through January 1, 2027, among other changes. Swift, retroactive renewal of the GSP program is critical. American companies paid at least $225 million in extra tar...
Continue readingNew U.S. Trade Representative Katherine Tai will testify in front of the Senate Finance Committee today and the House Ways and Means Committee tomorrow on the Biden administration’s trade policy agenda. Ambassador Tai has given several recent speeches on new trade policy goals, including a recent interview where she was asked about trade rule...
Continue readingAccording to new research from the Coalition for GSP, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $88 million in March 2021. Congressional authorization for GSP expired on December 31, 2020. March was the most expensive month yet of GSP expiration: the $88 million in extra tariffs paid far...
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