Active
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.
Active
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.