In the first 2 months of 2017, GSP saved American companies $111 million in eliminated tariffs. Connecticut, Iowa, Massachusetts, Washington, and Wisconsin joined the list of states that have saved at least $1 million so far in 2017 because of GSP. In total, GSP savings through February exceeded $1 million for 22 states.
The map below shows the overall value of 2017 GSP imports (in blue) and tax savings (in red) by state through February.
This map will be updated monthly as new trade data become available and the most up-to-date version will be available at all times on our Graphics page. This post highlights select states, products, and countries contributing to increases in February.