President Donald Trump has ordered updates to the Generalized System of Preferences (GSP) for 15 countries across 97 products. That’s inline with prior administration policy to limit use of the GSP’s reduced duties for emerging markets. The measures cover imports worth $1.12 billion in 2017. Proportionally Argentina faces the biggest impact with 2.7% of its total U.S.-bound imports losing eligibility. In absolute terms Thailand is the biggest loser with $492 million (1.6%) of exports now having to pay full duty rates. That’s largely due to exports of washing machines no longer being c...