How Much Does GSP Save Your State?

GSP saved American companies $80 million in September

Written on November 20, 2019 in Brazil

GSP saved American companies $80 million in September, about $10 million less (-11%) from September 2018. It marked the fourth month in a row that year-over-year savings declined, due wholly to terminated GSP for India and Turkey. Despite lost GSP for those two key supplier countries, GSP saved American companies $797 million in the first...

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Lost GSP for India cost American companies $30 million in July

Written on September 20, 2019 in USA

Costs to American companies from the Administration’s decision to terminate India’s GSP eligibility continue to grow. In July alone, US importers paid an estimated $30.4 million in new tariffs (previously) duty-free imports from India. Lost GSP is hurting companies like Warehouse Associates, which canceled plans to create new US manufac...

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44 House Members Send Bipartisan Letter to USTR Expressing “Strong Desire” to Reinstate GSP for India as Part of Trade Deal

Written on September 17, 2019 in USA

A bipartisan group of 44 House members sent a letter to U.S. Trade Representative Robert Lighthizer today expressing their “strong desire to see GSP eligibility for India reinstated.” The United States terminated India’s eligibility under the Generalized System of Preferences (GSP) on June 5. The letter was led by Congressmen Jim ...

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