Over the weekend, we were tipped off to the website for Megabeadstore, which is based in Albany, California. The company imports component jewelry parts, and GSP waived tariffs of 5.0 percent to 13.5 percent. To date, Megabeadstore has absorbed the cost of the new tariffs in the hopes that Congress would act quickly to renew...
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Written on April 29, 2011 in
GSP
I’d like to send my sincerest thanks to our first poll respondent who not only answered every question, but is allowing me to post the “additional comments.” The following is the entire response from a “very small” company of less than 10 employees: We held our prices until 3/31/2011. We paid approximately $35,00...
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Written on April 29, 2011 in
GSP
Through February (the latest data available), GSP expiration cost American companies $100 million. We’re nearly in May, meaning that the real cost of expiration to date is likely double that amount. Yet what people really want to know is how that affects companies, in particular small businesses. Since no one currently has an answ...
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