Category: Company Stories

October 2021 would’ve been the highest month ever for GSP savings – if GSP wasn’t expired

Written on December 8, 2021 in Alabama

Based on an analysis of new U.S. Census Bureau data released yesterday, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $110 million in October 2021. Had congressional authorization for GSP not expired on December 31, 2020, it would’ve been the highest month of tariffs eliminated in the histo...

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American companies paid another $97 million in tariffs due to GSP expiration in September 2021

Written on November 5, 2021 in Alabama

Based on an analysis of new U.S. Census Bureau data released yesterday, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $97 million in September 2021. Congressional authorization for GSP expired on December 31, 2020. Citing these growing costs along side Covid-related and supply chain challenges, o...

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