Clark Griswold would hate GSP expiration
So should any Member of Congress or Administration official that wants supply chains to move out of China. We’re not talking about crazy cousins or wet carpets or squirrels in trees. We’re talking about Christmas lights, one of the thousands of products impacted by continued expiration of the Generalized System of Preferences (GSP) trad...
Continue readingCoalition for GSP Applauds Introduction of Bipartisan “CNL Update Act” by Reps. Stephanie Murphy and Jackie Walorski
Washington (December 10, 2021)– 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 and provide additional guidance for the Administration as it conducts country- and product-specific reviews ...
Continue readingOctober 2021 would’ve been the highest month ever for GSP savings – if GSP wasn’t expired
Based on an analysis of new U.S. Census Bureau data released yesterday, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $110 million in October 2021. Had congressional authorization for GSP not expired on December 31, 2020, it would’ve been the highest month of tariffs eliminated in the histo...
Continue readingThe Ways & Means Trade Subcommittee is talking about China; GSP renewal must be a part of the conversation
Tomorrow, the House Ways & Means Trade Subcommittee will hold a “Hearing on Supporting U.S. Workers, Businesses, and the Environment in the Face of Unfair Chinese Trade Practices.” While not technically related, the hearing follows the November announcement that the House and Senate will “conference” China competition bi...
Continue readingHow GSP helps workers in countries like Cambodia
If someone hears “labor intensive manufacturing in Cambodia,” the mental image is probably nothing what they’d see by visiting the Montana Fly Company (MFC) factory in Phnom Penh. Based in Columbia Falls, Montana and founded in 1998, MFC now has distributors in every fly fishing country. The nature of MFC’s products – ...
Continue reading75 House Members support framework for restored GSP for India
On November 19, 75 Members of the House of Representatives sent a letter to U.S. Trade Representative Katherine Tai supporting U.S.-India negotiations, including a “framework for a deal that could be implemented soon after Congress reauthorizes the GSP program.” The letter was led by House Ways and Means Committee Members Suzan DelBene ...
Continue readingAmerican companies paid another $97 million in tariffs due to GSP expiration in September 2021
Based on an analysis of new U.S. Census Bureau data released yesterday, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $97 million in September 2021. Congressional authorization for GSP expired on December 31, 2020. Citing these growing costs along side Covid-related and supply chain challenges, o...
Continue readingGSP expiration cost American companies over $100 million in August 2021
Based on an analysis of new U.S. Census Bureau data released today, expiration of the Generalized System of Preferences (GSP) program cost American companies $100+ million in August 2021. Congressional authorization for GSP expired on December 31, 2020. Citing these growing costs along side Covid-related and supply chain challenges, over 300 U.S. c...
Continue readingOver 300 American organizations urge Congress to renew GSP, consider changes beyond eligibility criteria
On September 21, 308 American companies and associations sent a letter to Senate Finance and House Ways and Means Committee Chairmen Ron Wyden and Richard Neal and Ranking Members Mike Crapo and Kevin Brady urging retroactive renewal of the Generalized System of Preferences (GSP). Companies are headquartered in 40 states and about 175 different Con...
Continue readingGSP expiration cost American companies another $85 million in July 2021
According to new research from the Coalition for GSP, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $85 million in July 2021. Congressional authorization for GSP expired on December 31, 2020. From January-July 2021, American companies paid at least $565 million in extra taxes as a result of GSP.....
Continue reading