H.R. 5593 · 118th Congress
To amend the Trade Act of 1974 to exempt from the Generalized System of Preferences certain tire articles, and for other purposes.
- Stage
- In committee
- Sponsor
- Brian Higgins
- Introduced
- 2023-09-20
- Latest action
- 2024-12-17 · Referred to the Subcommittee on Trade.
Summary
This bill makes tire articles ineligible to receive duty-free treatment under the Generalized System of Preferences (GSP) trade program.
The GSP is a trade program that provides preferential duty-free treatment for certain products from designated beneficiary countries. Certain products are considered import-sensitive and are specifically prohibited from receiving GSP treatment. This bill specifically lists tire articles as import-sensitive and therefore ineligible to receive duty-free treatment under the GSP.