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GSP Enforcement and Future Under Trump
The Trump administration has announced that countries benefiting from the Generalized System of Preferences will be subject to heightened scrutiny to “ensure that countries that are not playing by the rules do not receive U.S. trade preferences.” Importers facing a similar enforcement focus must take steps to ensure that GSP claims are made using reasonable care, as failure to do so can result in significant increases in duties and penalties related to faulty claims.
To qualify for duty-free entry under GSP, importers must prove that their goods satisfy all program requirements, not just that the goods were shipped from a GSP-eligible country. Before making a GSP claim, therefore, importers should perform a detailed review of all qualification requirements and ensure that compliance with each requirement can be fully documented to CBP’s satisfaction.
- Trump administration’s GSP enforcement posture
- detailed review of GSP requirements, including the “product of,” direct import, and minimum value content requirements
- documentation necessary to support each requirement
- recent CBP rulings relating to GSP
- current legislative status of GSP
1 CCS Credit
Purchase price: $200.00