This morning, Senate Finance Committee Ranking Member Orrin Hatch (R-UT) verbalized what most GSP importers having been fearing for months. According to Inside US Trade ($), Hatch told reporters “I doubt that we’ll get it through before [GSP] expires.” As we noted yesterday, Senator Coburn (R-OK) has blocked the unanimous consent ...
Continue readingAnd then there was one. On Friday, we reported that two Senators had objected to the unanimous consent request for S. 1331. A little while ago, we learned that Senator Hagan is now supporting the UC request, meaning that Senator Coburn is the only one preventing Senate passage of legislation to renew GSP through September...
Continue readingThe GSP renewal legislation moving through the Senate hit a snag yesterday when Senators Tom Coburn (R-OK) and Kay Hagan (D-NC) objected to a request to pass the bill by unanimous consent. Unless these two Senators drop their objections, GSP will expire again and companies will face tariffs of $2 million per day starting next...
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