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Article Date: July 2023
Word Count: 180

GSP Renewal Seeks House Backing

The SFIA has thrown its support behind the most recent push for Generalized System of Preferences renewal as a circuitous means of relief from China tariffs, signing on to a letter from 66 lawmakers to House Ways and Means Chairman Jason Smith (R-MO) and Ranking Member Richard Neal (D-MA). The long-standing trade act most recently provided for elimination of tariffs on non-sensitive goods from 119 developing countries, including many sourcing competitors to China. The last GSP renewal lapsed on Dec. 31, ... Log in to view full article.


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