Trade Preference System Changes: Protecting Workers and Economies
This bill modifies rules for withdrawing or suspending trade preferences for countries. It aims to better protect workers and populations in those countries by minimizing negative economic impacts. Citizens may experience more stable access to imported goods and support for labor conditions in partner countries.
Key points
The U.S. President must consider the impact of trade preference decisions on workers and populations in affected countries.
Steps will be taken to maintain duty-free treatment for products if imposing duties would harm the economy or people's living conditions.
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