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 readingLast week, we wrote about how American companies have paid about $800 million in extra tariffs due to recent GSP country terminations but there has been no progress on any of the issues raised in country reviews. There are lots of new proposed eligibility criteria, and policymakers want to create an environment where those criteria...
Continue readingNew U.S. Trade Representative Katherine Tai will testify in front of the Senate Finance Committee today and the House Ways and Means Committee tomorrow on the Biden administration’s trade policy agenda. Ambassador Tai has given several recent speeches on new trade policy goals, including a recent interview where she was asked about trade rule...
Continue reading