Generalized Systems of Preference

While many of us anxiously await putting 2020 behind us, the start of the new year may have significant import duty implications for many U.S. companies.

On December 31, two significant U.S. import duty relief programs are set to expire: the Section 301 exclusions and the Generalized Systems of Preference (“GSP”). That will cause U.S. customs duties to rise on certain products. Importers should be prepared for these changes.
Continue Reading Don’t Pop the Bubbly Just Yet: Potential Duty Increases for Importers Starting January 1