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TERM 1
October 25, 2019 · 2,364 days ago
💰 Economy
President Trump signed Proclamation 2019-24008 on October 25, 2019, modifying duty-free treatment for certain countries under the Generalized System of Preferences (GSP) program. The proclamation removed or suspended GSP benefits for specific countries, increasing tariffs on designated imports from those nations. The direct effect was higher import duties on goods from affected countries, increasing costs for American importers and potentially affecting consumer prices for affected products.
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TERM 1
May 31, 2019 · 2,511 days ago
💰 Economy
On May 31, 2019, President Trump signed Proclamation 2019-9986 modifying the list of countries eligible for preferential trade benefits under the Generalized System of Preferences (GSP) program established by the Trade Act of 1974. The proclamation removed certain countries from the beneficiary list, ending their eligibility for duty-free trade access to U.S. markets. This directly affected import tariffs on goods from affected countries, increasing costs for American importers and potentially raising prices on consumer goods sourced from those nations.
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TERM 1
May 16, 2019 · 2,526 days ago
💰 Economy
On May 16, 2019, President Trump signed Proclamation 9761 removing India from the list of beneficiary developing countries under the Generalized System of Preferences (GSP) program established by the Trade Act of 1974. The proclamation eliminated India's duty-free access to U.S. markets for approximately 2,000 product categories, effective June 5, 2019. Indian exporters faced tariffs on products previously entering the U.S. duty-free, affecting American importers and consumers of goods including pharmaceuticals, chemicals, and textiles.
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TERM 1
October 30, 2018 · 2,724 days ago
💰 Economy
On October 30, 2018, President Trump signed Proclamation 2018-24032 modifying the list of products eligible for duty-free treatment under the Generalized System of Preferences (GSP), a trade program that grants preferential tariff rates to certain imports from developing countries. The proclamation removed or modified duty-free status for specific product categories. The change directly affected import duties on goods from GSP-designated countries, altering costs for businesses importing those products and potentially affecting consumer prices on affected merchandise.
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TERM 1
June 29, 2017 · 3,212 days ago
💰 Economy
On June 29, 2017, President Trump signed Proclamation 2017-14063 modifying duty-free trade benefits under the Generalized System of Preferences (GSP) program. The proclamation removed certain countries and product categories from GSP eligibility, affecting tariff treatment on specified imports. The direct impact included increased tariffs on imported goods from affected countries, raising costs for American importers and consumers of affected products.