Crapo Says He Likes Three-Year AGOA, Haiti Renewals
Senate Finance Committee Chairman Mike Crapo, R-Idaho, heartily endorsed the House Republicans' approach to renewing Haitian trade preferences and the African Growth and Opportunity Act.
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Although the administration only endorsed a one-year extension of AGOA, the House Ways and Means Committee recommended a renewal through the end of 2028. The Haitian HOPE/HELP Act also would extend through the end of 2028. That would mean that Congress would not have to vote on the trade preferences again until after the election of Trump's successor.
In a brief hallway interview, Crapo told International Trade Today, "I am a strong supporter of what the House did. I have been pushing for that over here for a couple of years now."
If the bills become law, importers would receive refunds on eligible goods for most-favored nation tariffs paid during the expiration. These tariffs have been paid since Oct. 1.