Like the jobs debate, many people assume that if exports are goods for US manufacturers, imports must be bad. When it comes to GSP, nothing could further from the truth. Raw materials, components, and parts have accounted for more than 70 percent of GSP imports since the program expired. Though industrial tariffs tend to be...
Continue readingA little earlier this afternoon, the Senate voted 97-1 in favor of legislation (H.R. 1295, as amended with S. 1267) that would renew GSP through December 31, 2017 and refund most tariffs paid since GSP expired in July 2013. It would also extend certain preferences for imports from Africa and Haiti. A big THANK YOU...
Continue readingFollowing a failed procedural vote yesterday on a TPA/TAA package, Senate leaders struck a new deal that calls for separate votes on preferences legislation (including GSP) and the Customs bill tomorrow at 12:00PM. To pass, the legislation will need at least 60 votes in favor. So we need everyone to call their Senate offices this...
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