We want to thank the companies that have responded to our latest poll and provide some quick results. Responses vary greatly for not only the financial impact of GSP expiration, but among the companies themselves. Poll Response Ranges Number of US Employees: 3 – 40,000 Expected GSP Shipments: 1 – 200 Expected GSP Tariffs Pai...
Continue readingFort Lee, New Jersey-based Empire Resources issued its quarterly report for the first half of 2011 yesterday. Empire Resources is a distributor of value-added, semi-finished aluminum and steel products and serves more than 200 customers in the transportation, automotive, housing, appliance, and packaging industries. Despite net sales increase...
Continue readingYesterday’s trade data showed that American companies paid an estimated $59.6 million in new taxes on $1.5 billion worth of previously GSP-eligible imports in June, bringing the total tariffs paid to $335 million in tariffs on $8.8 billion worth of imports in the first half of the year. Last week, we noted noted that Congress...
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