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Carrots & sticks & GSP

Written on May 12, 2021 in China

New 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...

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GSP saved American companies $879 million in 2020, but expiration already hurting American jobs and workers

Written on February 11, 2021 in New York

According to new research from the Coalition for GSP, the Generalized System of Preferences (GSP) program saved American companies $879 million in 2020. Total imports under GSP were nearly $17 billion. Overall GSP imports and savings were down from 2019 due to both country terminations and coronavirus impacts. GSP savings started growing again in l...

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