GSP Coalition statement supporting the amended GSP Reform Act
The Coalition for GSP strongly supports approval of the amended GSP Reform Act (HR 7986) at the House Ways and Means markup later today. This is not the final step, but an important one to advance negotiations toward a long overdue GSP renewal package. The current lapse is nearly twice as long as any other...
Continue reading“GSP Reform Act” introduced in House
On April 15, House Ways and Means Trade Subcommittee Chair Adrian Smith introduced the GSP Reform Act (H.R.7986). The bill would reauthorize GSP through December 31, 2030, refund all tariffs paid since GSP expired on December 31, 2020, and make significant changes to GSP rules related to country eligibility criteria, review processes, and product e...
Continue readingGSP lapse costs American companies $3.36+ billion from 2021 to 2023
Based on an analysis of new U.S. Census Bureau data, American companies paid at least $3.36 billion in new tariffs from January 2021 and December 2023 due to GSP expiration. Imports into 8 states have faced $100+ million in extra tariffs because Congress let GSP expire, and 10 more states have faced between $50 million...
Continue readingClark Griswold (still) hates GSP expiration
Watching National Lampoon’s Christmas Vacation is a holiday tradition for many. Sadly, writing about how much Clark Griswold would hate GSP expiration has become a bit of a tradition itself, with this being the 3rd straight year that Americans are stuck paying extra tariffs on Christmas lights due to Congress’ continued failure to renew...
Continue readingHouse China Select Committee: renew GSP with changes to “accelerate supply chain shifts out of the PRC market”
Today, the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, led by Chairman Mike Gallagher (R-WI) and Ranking Member Raja Krishnamoorthi (D-IL), adopted nearly 150 policy recommendations in a bipartisan report that “outlines a strategy to fundamentally reset the United St...
Continue readingCoalition for GSP Applauds Introduction of Bipartisan “CNL Update Act of 2023” by Reps. Blake Moore and Suzan DelBene
Washington (December 4, 2023)– The Coalition for GSP applauded the introduction of the “CNL Update Act,” bipartisan legislation to update the Generalized System of Preferences’ competitive need limitation (CNL) rules. The legislation was introduced by Representatives Blake Moore (R-UT) and Suzan DelBene (D-WA), who both serv...
Continue readingMore Members of Congress call for GSP renewal
The calls to renew GSP from House members across the political spectrum continued last week with high-profile letters from a bipartisan group of 20 Florida House Members as well as the New Democrat Coalition. The Florida House Member letter to Ways & Means Chairman Jason Smith and Ranking Member Richard Neal urged GSP renewal and...
Continue readingNearly 100 GSP advocates press lawmakers to renew GSP in 2023
On Wednesday, the Coalition for GSP hosted its biggest lobby day yet — by far — to urge Congress to renew GSP this year. Nearly 100 advocates met with 115+ House and Senate offices to share why GSP renewal is so important to their companies and industries, development, and diversifying supply chains. According to our...
Continue readingAs Ways & Means talks about GSP countries versus China, the simplest explanation
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 readingHouse Ways & Means Committee to hold GSP hearing next week
Yesterday, 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...
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