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 readingPolySource is a value-added distributor of thermoplastic resins and compounds. Headquartered in Missouri, it also has warehouses in Colorado, Illinois, Minnesota, New Jersey, Ohio, Pennsylvania, and Texas. Its customers are primarily American manufacturers of global consumer goods (e.g., autos, aerospace products), though it also exports to Ca...
Continue readingAlong with the launch of the new site, the Coalition for GSP released updated reports for on why GSP matters for all 50 states (available here). For each state, the reports highlight: total GSP imports, tariffs savings, and average tariffs waived on account of GSP in 2016; companies importing GSP-eligible products; top GSP imports by...
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