Transit is no longer needed to provide mobility for low-income people, nearly all of whom have access to a car. Instead, it is mainly a subsidy to unions, downtown property owners, and rail contractors.
Featuring Sallie James, Trade Policy Analyst, Cato Institute; Edward Gresser, Director, Project on Trade and Global Markets, Democratic Leadership Council; and Chakarin Komolsiri, Minister-Counsellor, Royal Thai Embassy. Moderated by Daniel Griswold, Director, Center for Trade Policy Studies, Cato Institute.
In her new trade policy analysis, “The U.S. Generalized System of Preferences: Helping the Poor, But at What Price?,” Sallie James argues that the expiration of the GSP at the end of this year is an ideal time to consider the costs of unilateral preference programs. While the GSP delivers benefits to some countries, as well as to U.S. consumers and firms, the program is deeply flawed. Its expiration is therefore a timely opportunity for the United States to correct the most egregious of the GSP’s limitations and to move toward opening the U.S. market on a permanent and nondiscriminatory basis. Please join our panelists for a spirited discussion of the U.S. GSP and options for its reform.