That’s from one of the newest responses to our GSP expiration poll. More than 75 percent of this small, Arizona-based company’s revenues come from products imported under GSP, so it has experienced across-the-board cost increases since GSP expired. Often, the smallest businesses are hurt the most by expiration. Take the comp...
Continue readingThat question was asked by a respondent to our GSP Expiration Poll.* Unfortunately, the question is not simply rhetorical. The Connecticut-based company has less than 25 employees, but its tariff payments have increased by $45,000 to $70,000 per month since GSP expired. According to the company: “We have had to slash o...
Continue readingMore than 50 companies have responded to our GSP expiration poll. We’re particularly grateful for the responses that provide the context in which companies are dealing with GSP expiration and the new tariff costs. If you don’t think Congress needs to pass an immediate, retroactive, and long-term renewal of GSP, try reading t...
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