{"id":2039605,"date":"2023-09-20T23:26:05","date_gmt":"2023-09-21T03:26:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/live-2-pm-et-house-trade-subcommittee-hearing-on-reforming-gsp-to-protect-us-supply-chains-and-combat-china\/"},"modified":"2023-09-20T23:28:25","modified_gmt":"2023-09-21T03:28:25","slug":"live-2-pm-et-house-trade-subcommittee-hearing-on-reforming-gsp-to-protect-us-supply-chains-and-combat-china","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/live-2-pm-et-house-trade-subcommittee-hearing-on-reforming-gsp-to-protect-us-supply-chains-and-combat-china\/","title":{"rendered":"LIVE NOW: House Trade Subcommittee Hearing on GSP Reform to Safeguard US Supply Chains &#038; Counter China"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Flive-2-pm-et-house-trade-subcommittee-hearing-on-reforming-gsp-to-protect-us-supply-chains-and-combat-china%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2039605&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The House Ways and Means Committee Trade Subcommittee Holds Hearing on Reforming the Generalized \u2062System of Preferences (GSP) to\u200d Safeguard U.S. Supply Chains and Combat China<\/h2>\n<p>The House Ways and Means Committee Trade \u2064Subcommittee is set \u200bto hold a\u200d highly anticipated hearing on the topic of &#8220;Reforming the Generalized \u200cSystem of Preferences (GSP) to Safeguard U.S.\u200d Supply \u200bChains and Combat China.&#8221; This crucial\u200c hearing \u200bwill take place at 2:00 \u200cp.m.\u200d ET on September 20.<\/p>\n<h3>Witnesses:<\/h3>\n<ul>\n<li><strong>Ed Gresser:<\/strong> Vice President and Director for Trade and Global Markets, Progressive Policy Institute<\/li>\n<li><strong>Randall Spronk:<\/strong> Pork \u200cProducer,\u200b Former President, National\u200d Pork \u200cProducers Council<\/li>\n<li><strong>Fabian Garza:<\/strong> \u2063 Vice President of Operations, Black Diamond Equipment<\/li>\n<li><strong>Nigel\u200c Cory:<\/strong> Associate\u200d Director,\u200c Information \u2062Technology &#038;\u200c Innovation Foundation<\/li>\n<li><strong>Roy Houseman:<\/strong> Legislative \u2063Director, United\u200b Steel Workers<\/li>\n<\/ul>\n<p> <\/p>\n<h2> \u2062What role \u2064can technology and innovation play in enhancing supply\u2063 chain security \u200cand mitigating the risks associated with China&#8217;s trade practices<\/h2>\n<p><span>  The House Ways and \u2064Means Committee Trade Subcommittee has scheduled a \u200dhighly anticipated \u2064hearing on the topic \u200dof &#8220;Reforming the Generalized System of\u200c Preferences (GSP) \u2063to Safeguard U.S. \u2064Supply Chains and Combat China.&#8221; This crucial hearing is scheduled to take place at 2:00 p.m. ET on September 20.<\/p>\n<p>The Generalized System of Preferences (GSP) program is a crucial tool for promoting economic\u200b growth and development in developing countries. It allows for \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/live-2-pm-et-house-trade-subcommittee-hearing-on-reforming-gsp-to-protect-us-supply-chains-and-combat-china\/\" title=\"LIVE NOW: House Trade Subcommittee Hearing on GSP Reform to Safeguard US Supply Chains &#038; Counter China\">preferential\u200d duty-free treatment<\/a> for thousands of products from designated beneficiary countries. By\u200d providing these preferences, the GSP program aims to support the economic development \u200dof these countries and enhance their\u2063 integration\u200d into the global\u200d trading system.<\/p>\n<p>However, recent\u2064 developments have highlighted the need for reforming the GSP program to safeguard U.S. supply chains and address the challenges posed by China&#8217;s trade practices. \u2063The United States and many \u2063other countries \u2062have growing concerns over China&#8217;s unfair trade practices, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hopelessly-naive-dangerous-pompeo-slams-biden-saying-he-doesnt-want-to-contain-china\/\" title=\"Pompeo criticizes Biden's stance on China as 'Dangerously Naive'.\">including intellectual property theft<\/a>, forced technology\u2063 transfers, and subsidies to domestic industries. \u2062These practices\u2063 not only undermine fair competition but also pose serious\u2063 threats\u200c to global\u2062 supply chains\u200d and economic security.<\/p>\n<p>The witnesses at the \u200chearing are respected \u200bexperts and industry representatives who will provide their insights and recommendations on how to reform the\u200c GSP program to address these challenges effectively. Their expertise and diverse perspectives will contribute to a comprehensive understanding of \u200cthe issues\u200d at hand and guide policymakers \u200cin crafting effective reforms.<\/p>\n<p>Ed Gresser, Vice President and Director for Trade and Global Markets \u200dat the Progressive Policy\u200d Institute, brings a wealth\u200c of knowledge on trade policy and will provide valuable\u200c insights on the potential impacts\u2064 and benefits of\u2063 reforming the GSP program. Randall Spronk, a former President of the National\u2062 Pork \u2063Producers Council and a pork producer, \u200cwill offer\u200b his perspective on how the GSP program impacts the agricultural \u2062sector and the importance of safeguarding U.S. supply chains.<\/p>\n<p>Fabian Garza, the Vice President of Operations \u2062at Black Diamond Equipment, will share \u200bhis industry&#8217;s experiences and concerns regarding supply chain vulnerabilities and China&#8217;s trade practices. Nigel Cory, the Associate Director of \u200dthe Information Technology and\u200b Innovation Foundation, will provide insights into the role of technology and innovation in supply chain\u2062 security and\u2064 the\u200d need \u2064to address emerging challenges.<\/p>\n<p>Lastly, Roy Houseman, \u200cthe Legislative Director of the \u200dUnited Steel Workers, will shed \u2063light on the impact of China&#8217;s\u2063 trade practices on the\u2062 U.S. steel industry and the importance of protecting domestic \u2064industries.<\/p>\n<p>The outcomes of this hearing will be crucial in shaping the future \u200cdirection \u200dof the\u200d GSP program and U.S. \u2063trade policy in general. It\u2063 is expected that the hearing will result \u2063in recommendations and proposals for reforms that will safeguard U.S. supply chains, address China&#8217;s unfair trade practices, and ensure \u2062fair\u2064 competition \u200cin global \u200cmarkets.<\/p>\n<p>In conclusion, \u200bthe House Ways and Means Committee Trade Subcommittee&#8217;s hearing\u200b on reforming \u200bthe Generalized System of Preferences (GSP) to safeguard U.S. supply\u200d chains and combat China is a\u2062 significant event that\u200d will provide valuable \u200cinsights and recommendations from experts and \u200dindustry representatives. The testimonies and discussions during\u200d the hearing will \u2063contribute to the ongoing efforts \u200dto\u200b strengthen U.S. trade policy and ensure a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/brexit-trade-deal-published-as-uk-calls-for-end-to-ugly-divisions\/\" title=\"Brexit trade deal published as UK calls for end to \u2018ugly\u2019 divisions\">level playing field<\/a> in global trade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The House Ways and Means Committee Trade Subcommittee will hold a hearing on &#8220;Reforming GSP to Safeguard U.S. Supply Chains and Combat China&#8221; on Sept. 20 at 2:00 p.m. ET. Witnesses include Ed Gresser, VP of Trade and Global Markets at Progressive Policy Institute, and Randall Spronk, former President of National Pork Producers.<\/p>\n","protected":false},"author":706,"featured_media":2039606,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2039605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2039605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/706"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2039605"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2039605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2039606"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2039605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2039605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2039605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}