USTR threatens to revoke Turkey's GSP eligibility

The Office of the U.S. Trade Representative has launched a Generalized System of Preferences eligibility review for Turkey because of its $1.78 billion in retaliatory tariffs. “The Trump Administration has concerns with Turkey’s compliance with GSP’s market access criterion,” said Deputy U.S. Trade Representative Jeffrey Gerrish in an Aug. 3 statement . “We hope that Turkey will work with us to address the concerns that led to this new review of their duty-free access to the United States." GSP is...