January 31, 2022

House introduces trade legislation on GSP and MTB as part of American Competes Act

The House Ways and Means Committee released the America Competes Act as the counterpart to the US Innovation and Competition Act.

Both pieces of legislation include trade items which will procced to conference following a floor vote in the House.  Included are subjects that include the renewal of Generalized System of Preferences (GSP), Miscellaneous Tariff Bill (MTB) and Section 301 exclusions.  

These have all received broad partisan support, but key differences exist between the House and Senate text.  

Use the following link to review the differences: click here

Crane Trade Services can assist you with questions regarding this matter.  For assistance please contact CWTSConsulting@craneww.com.

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