The American Apparel & Footwear Association has expressed disappointment and regret at inaction by Congress, leading to a lapse in two critical trade preference programs — the Generalized System of Preferences (GSP) and the Miscellaneous Tariff Bill (MTB) — imposing a tax increase on American workers, American consumers, and American businesses at a time when they can least afford it.
"Congress allowed the GSP and MTB programs, initiatives that have been supported for decades by overwhelming bipartisan majorities, to lapse. The cessation of these programs benefits no one but hurts many, at a time when they can least afford it," said AAFA president and CEO Steve Lamar.
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