Trump Wants Three-Year GSP Extension

Renewal of the Generalized System of Preferences (GSP) program for three years is what the Trump administration wants, according to a White House official. GSP expired at the end of 2017. Under GSP, duties are waived on thousands of goods from developing countries.

"The administration supports a three-year reauthorization of GSP and hopes to get it done early this year," the official said. The administration announced several actions under GSP late in the year but Congress left Washington before acting to extend the program.