Coalition for GSP statement on Congress’ failure to renew GSP

Written on December 21, 2020 in USA

Coalition for GSP Executive Director Dan Anthony released the following statement regarding Congress’ failure to reauthorize the Generalized System of Preferences (GSP) program, which expires on December 31, 2020, as part of the Omnibus spending package:  Hundreds of American companies and associations committed to work with congressiona...

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What’s the opposite of stimulus? GSP expiration.

Written on December 17, 2020 in USA

Jobless claims rose for the second straight week to a level not seen since the end of summer, following a mere 245,000 jobs added in November. The situation is expected to get worse before it gets better. What would be the opposite of relief for small businesses and workers that Congress always claims to be...

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Congress must renew GSP today because even “retroactive” renewals cause irreparable harm to American companies and workers

Written on December 16, 2020 in USA

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...

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How lost GSP hurts workers in developing countries

Written on December 14, 2020 in USA

On 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...

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Adding GSP eligibility criteria: not the hill to die on

Written on December 11, 2020 in USA

According 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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Don’t be a Grinch: renew GSP

Written on December 7, 2020 in USA

GSP will expire in just a few weeks if Congress doesn’t pass legislation reauthorizing it beyond December 31. Failure to do so will lead to millions of dollars a day in new tariffs on American companies, hundreds of which sent a letter to Congress urging renewal last week. More important than the raw dollars are...

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Nearly 300 American organizations call on Congressional leaders to renew GSP in the Lame Duck

Written on December 1, 2020 in USA

On December 1, 284 American companies and associations sent a letter to Senate Majority Leader McConnell, Senate Democratic Leader Schumer, House Speaker Pelosi, and House Republican Leader McCarthy urging immediate passage of legislation extending the Generalized System of Preferences (GSP). [If you missed the deadline but want Congress to renew G...

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Michigan small business: “over $400,000 that we need to recoup from somewhere” if GSP expires

Written on November 9, 2020 in China

Hiblow is a distributor of linear diaphragm pumps based in Saline, Michigan. It employs 6 workers, including a new warehouse manager position created in 2020. Hiblow sells pumps imported under GSP to three major markets: medical pumps to U.S. medical device manufacturers (therapy devices, hospital beds, incubators); pumps for onsite wastewater trea...

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