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US trading partners face new tariffs.
BYLINE: Alan Field
Six foreign trading partners could lose duty-free access to the U.S. market for some of their key exports because of a revamped trade program that President Bush signed into law on Dec. 20.
Brazil, Cote d'Ivoire, India, the Philippines, Thailand and Venezuela could lose trade benefits because of changes Congress made recently to the U.S. Generalized System of Preferences for developing countries, the U.S. Trade Representative's Office said.
GSP allows select imports from 130 developing countries, including Brazil and India, to enter the U.S. duty free. Developing countries count on revenue from GSP exports for various economic …
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