Category: Hawaii

GSP Expiration Cost American Companies $48 Million in February

Written on April 14, 2014 in California

According to new data released last week, American companies “claimed” GSP for about $1.45 billion worth of imported products in February. Typically, those products would not face import tariffs because of GSP, whereas those same products imported from a non-GSP country like China would face $48.2 million in import taxes. Since Congress...

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GSP and Hawaii: Fast Facts

Written on January 7, 2013 in GSP

The Generalized System of Preferences (GSP) program eliminates U.S. tariffs (i.e., taxes) on certain imports from developing countries. GSP imports in 2011 totaled $18.5 billion and the program saved American companies more than $700 million. GSP saved Hawaii companies an estimated $1.3 million in 2011. Hawaii companies imported an estimated $85.5 ...

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