Yesterday, the House Ways & Means Trade Subcommittee held a hearing on “Reforming the Generalized System of Preferences to Safeguard U.S. Supply Chains and Combat China.” There were a variety of witnesses and proposals made — some very helpful to GSP importers, and others not so much. At a minimum, it showed bipartisan support...
Continue readingYesterday, the House Ways & Means Trade Subcommittee announced it will hold a hearing next Wednesday (9/20) on “Reforming the Generalized System of Preferences to Safeguard U.S. Supply Chains and Combat China.” There is significant congressional interest in renewing and updating GSP before the end of the year, especially as it relat...
Continue readingOn July 12, 66 Members of the House of Representatives sent a letter to House Ways and Means Chairman Jason Smith (R-MO) and Ranking Member Richard Neal (D-MA) supporting efforts to renew the Generalized System of Preferences (GSP) as a way to “help facilitate supply chain shifts out of China.” GSP, which provides duty-free treatment...
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