We’ve heard, both in the past and more recently, that letting GSP expire does not cause harm – and is therefore somehow acceptable – because tariffs paid are eventually refunded. While past “retroactive renewals” have refunded tariffs paid, GSP expiration does lasting damage that should be avoided at all costs. A willi...
Continue readingOn Friday, we wrote about how adding new GSP eligility criteria is not the hill to die on when it comes to whether/how to renew GSP this year. One of the points we made, and that we’ll expand on today: Eliminating GSP benefits, whether through expiration or suspension, risks hurting the marginalized communities within the...
Continue readingAccording to multiple recent press reports, adding eligibility criteria has become the hang up for GSP renewal. There doesn’t seem to be opposition to the idea of potentially adding new criteria, but the timing. Senate Finance Committee Chairman Grassley introduced a 16-month extension to give give “time for debate on any changes that m...
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