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In Trade

House votes overwhelmingly for GSP renewal

February 13, 2018 at 7:08 PM
The House of Representatives voted 400-2 to renew the Generalized System of Preferences for three years and retroactively apply the tariff cuts to duties collected since it lapsed at the end of December. GSP renewal – in addition to the Miscellaneous Tariff Bill passed by the House last year – now awaits action in the Senate, where it is expected to pass with bipartisan support. The the timing of a vote remains unclear, however. This week, the American Apparel and...

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