Top Four Moments from Trade Subcommittee Hearing on Reforms to the Generalized System of Preferences (GSP) Program
Press Release
Issues: Trade
"In addition to bringing more of our supply chains home, we want to strengthen trade relations in our backyard. Currently, U.S. content is not counted towards the rule-of-origin regional requirements under the GSP, like it is under the African Growth and Opportunity Act trade preferences and USMCA. Our trade policy should support American jobs at every opportunity. Should Congress consider changing the GSP rule-of-origin to allow GSP countries to purchase U.S. components to help meet the rule-of-origin, perhaps coupled with an increase in the 35 percent rule-of-origin threshold?"
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