WASHINGTON, D.C. – Congressman Neal Dunn, M.D. (Florida-02) and Congressman Jake Auchincloss (Massachusetts-04) recently wrote a letter to the House Committee on Ways and Means addressing the need to renew the expired Generalized System of Preferences (GSP) program.
“With the Chinese Communist Party becoming more aggressive each day, reducing America’s reliance on China is more critical than ever,” said Congressman Dunn. “China benefits from the expiration of the GSP program, and our companies pay the price. We know GSP works. We know that it has bipartisan support. Legislation to renew the program is long overdue.”
Established nearly 50 years ago, the GSP program boosts economic development by removing tariffs on non-sensitive goods from 119 developing countries. China is not a qualified country. The GSP program expired on December 31, 2020. Without the program, the billions of dollars of additional costs due to increased tariffs burden American companies.
The letter requests legislation to renew the GSP program. Previous votes to renew the program received overwhelming bipartisan support. Congressman Dunn and Congressman Auchincloss are joined by 64 bipartisan co-signers.