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$2.5 Billion in Tariffs: What Lapse in Trade Programs Could Cost US Firms

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

The Generalized System of Preferences (GSP) and the Miscellaneous Trade Bill (MTB)–each offering duty-free or reduced tariff treatment for a range of imported goods–expired Dec. 31 after Congress failed to reauthorize these critical trade bills. As a result, importers must now pay tariffs on covered goods entering the country. GSP, most recently reauthorized on April…

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