Yesterday, Democrats in the House of Representatives introduced its China competitiveness package, the “America COMPETES Act” (H.R.4251). The text is available here. House Democrats hope to pass the bill as soon as next week so they can enter conference negotiations with the Senate, which passed its bipartisan version of a competitive p...
Continue readingBased on an analysis of new U.S. Census Bureau data released yesterday, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $98 million in November 2021. From January-November 2021, American companies paid at least $971 million in extra taxes due to GSP expiration. Those figures are the absolute minimu...
Continue readingSo should any Member of Congress or Administration official that wants supply chains to move out of China. We’re not talking about crazy cousins or wet carpets or squirrels in trees. We’re talking about Christmas lights, one of the thousands of products impacted by continued expiration of the Generalized System of Preferences (GSP) trad...
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