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ARTICLE · 03 OCTOBER 2023

Trade Preference Program Revival: Congress Considers GSP, But Provides No Clear Path Forward

Squire Patton Boggs LLP
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On Wednesday, September 20, the House Ways and Means Subcommittee on Trade held a long-anticipated hearing titled "Reforming the Generalized System of Preferences (GSP) to Safeguard U.S. Supply Chains and Combat China."

United StatesInternational Law
Everett Eissenstat
Everett Eissenstat
Genevieve Hubbard
Genevieve Hubbard
Ludmilla L. Kasulke
Ludmilla L. Kasulke

On Wednesday, September 20, the House Ways and Means Subcommittee on Trade held a long-anticipated hearing titled "Reforming the Generalized System of Preferences (GSP) to Safeguard U.S. Supply Chains and Combat China." In their separate opening statements, both Subcommittee Chairman Adrian Smith (R-NE) and Subcommittee Ranking Member Earl Blumenauer (D-OR) highlighted the evolving landscape of international trade policy since the inception of the Generalized System of Preferences (GSP) in 1974 and stressed the ongoing strategic and economic concerns related to China. Chairman Smith underscored the importance of preserving U.S. production through the exclusion of import-sensitive products within GSP but expressed interest in evaluating the effectiveness of the exclusion process. He criticized the Biden administration for not reducing tariffs to enhance access for U.S. agricultural producers and expressed interest in exploring new criteria for digital trade.

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