Bipartisan Bill Introduced to Remove Tires From GSP
The Generalized System of Preferences benefits program has been gone for nearly three years, but two members of the House of Representatives want tires removed from the product list when the trade program returns.
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Reps. Brian Higgins, D-N.Y., and Bruce Westerman, R-Ark., introduced the Protect American Tire Workers Act, they announced Sept. 22, because they believe $462 million worth of tires imported duty free is imperiling tire factory jobs in the U.S. The GSP waives a 4% duty on tires.
“The GSP is the largest and oldest U.S. trade preference program. Unfortunately, some countries have chosen to abuse the program to illegally dump their tire products on the market," Westerman said in the news release. He has a Goodyear factory in his district.
Serbia, Indonesia, Thailand and the Philippines exported tires covered by GSP when the program was in effect; an antidumping and countervailing duty petition against tires from South Korea, Taiwan, Thailand and Vietnam is pending.