Category: Mississippi

2018 GSP savings of $1.03 billion smash previous highs (but major potential cuts on horizon for many American companies)

Written on March 12, 2019 in Alaska

GSP saved American companies a record $1.03 billion in 2018, smashing the previous high of $894 million set in 2017. Since Congress renewed GSP in 2015 following a multi-year lapse, annual GSP savings for American companies have increased by more than $350 million.   Despite overwhelming congressional support for GSP renewal in 2018, the Trump...

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GSP Saved American Companies $82 Million in October 2017

Written on December 6, 2017 in Alabama

High GSP savings levels continued in October: GSP saved American companies $82 million on about $2.0 billion in imports – more than any other month all the way back to October 2006. GSP imports were up by 22 percent – and tariffs savings were up by 28 percent – compared to October 2016. Year-to-date savings...

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