To amend the Trade Act of 1974 to exempt from the Generalized System of Preferences certain tire articles, and for other purposes.
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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.
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