Trump Announces Withdrawal of GSP Travel Goods Benefits for India and Turkey
This week, President Trump announced the withdrawal of benefits for India and Turkey under the Generalized System of Preferences (GSP) program. GSP allows U.S. imports of travel goods from most developing countries to enter the U.S. duty-free. The March 4 announcement starts a 60-day clock, which means benefits cannot be removed earlier than May 3, 2019. GSP withdrawal affects about $300 million worth of U.S. travel goods imports from the two countries, $287 million of which is India. President Trump chose to remove India’s GSP benefits because, “India has not assured the United States that it will provide equitable and reasonable access to the markets of India.” Click the following hyperlinks for the latest U.S. travel goods import data, including volume and value of U.S. imports from GSP countries, broken down by category: luggage, brief/computer cases, handbags, backpacks, travel/sports bags, and flatgoods.
During the 60-day period, TGA will urge the Trump administration to reverse its decision on India. No information is available yet on President Trump’s pending GSP reviews for other countries – namely Indonesia and Thailand – which are also key sources of travel goods. TGA will provide more information as it becomes available.