In February 2017, the GSP program saved American companies $53 million on about $1.4 billion in imports. GSP imports were down by 3 percent – and tariffs savings down by 2 percent – compared to February 2016. (Though it should be noted that 2016 had one extra day because of the leap year.). Despite the...
Continue readingIn December 2016, the GSP program saved American companies $62 million on about $1.6 billion in imports. GSP imports were up by 11 percent – and tariffs savings up by 14 percent – compared to December 2015. Overall, GSP saved U.S. companies $729 million in 2016, an increase of over 10 percent from 2015. Some...
Continue readingIn October, the GSP program saved American companies $64 million on about $1.6 billion in imports. The value of GSP imports increased by about 4 percent, while the tariff savings increased by nearly 9 percent compared to October 2015. Overall, GSP saved U.S. companies $600 million in the first 10 months of 2016. GSP savings...
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