We’ve already highlighted the ways that the Generalized System of Preferences (GSP) works for American jobs, families, and manufacturing, but we can’t forget about the original intent of the program: promoting growth in developing countries. Today, the GSP program provides duty-free access for about 3,400 products from 130 developing co...
Continue readingAll too often, people think a product is either “Made in USA” or made somewhere else. Yet American manufacturers use imported components to reduce costs or gain access to materials not available in the United States. Similarly, imports often contain American content previously exported and assembled abroad. As a result...
Continue readingWhen imports enter the United States, they often face tariffs – taxes – collected by the U.S. government. Some of these tariffs are pretty high: 13.5% for inexpensive silver jewelry, 12.5% for flashlights, and 10.0% for coffee mugs. Everyday food products are often worse: 17.9% for nuts and seeds, 15.0% for Parmesan cheese, ...
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