To amend the Trade Act of 1974 to modify provisions relating to withdrawal, suspension, or limitation of country designation under the Generalized System of Preferences.
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Summary
This bill amends the Trade Act of 1974 to modify how the President withdraws, suspends, or limits country designations under the Generalized System of Preferences (GSP), a trade program that grants duty-free access to certain developing countries. The amendment requires the President to consider the impacts of such actions on workers and populations in the affected country, as well as on the country's progress toward meeting GSP criteria. It also directs the President to take steps to maintain duty-free treatment for products where imposing tariffs would harm the country's development goals or cause severe economic harm to vulnerable populations.
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