The 118th Congress is off to a slow start, after the 117th Congress was the first to let GSP remain lapsed in its entirety in the program’s nearly 50-year history. Not only is this the longest expiration in GSP’s history, the tariff costs associated with expiration will soon be at least twice as high as any previous lapse.
Yet GSP renewal is unlikely to be easy or quick. The split Congress (i.e., Republican House and Democratic Senate) creates procedural challenges. Legislative opportunities may be few and far between even if there is substantive agreement on GSP (and other trade issues).
If you’re a GSP importer, can you please answer the brief survey below to help show the urgency for GSP relief in the 118th Congress? More details are better than less, but the only required fields are your email address (in case we have questions) and a question on how we can use the info (to ensure we don’t publish something you don’t want us to).
As always, all company-specific information will be kept confidential unless your provide explicit permission to use it publicly. If you have any questions, please contact Dan Anthony at the Coalition for GSP here.