Modified Duty-Free Treatment Under Generalized System of Preferences

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.