Finance senators: Prospects for GSP, other trade programs remain uncertain

The odds of renewing the Generalized System of Preferences and passing other trade legislation before the end of the year remain uncertain, the ranking member and several others on the Senate Finance Committee said on Thursday. GSP, along with the last Miscellaneous Tariff Bill, expired at the end of 2020. Though both enjoy strong support in Congress, efforts to renew the preference program and pass a new MTB have stalled amid disagreement over labor and environmental standards for GSP recipients,...