Grassley: Democrats holding GSP renewal ‘hostage’ to win trade changes

A slew of Democratic demands tied to the renewal of the Generalized System of Preferences program -- set to expire this month -- are “not very appropriate,” Senate Finance Committee Chairman Chuck Grassley (R-IA) said on Tuesday, suggesting they could jeopardize the chances of an extension. The program, which allows for duty-free entry into the U.S. for designated products from beneficiary countries, will end on Dec. 31 unless legislation is passed to renew it. Grassley in September introduced a bill...