Category: New Mexico

GSP saved American companies $72 million in July

Written on September 12, 2019 in Cambodia

GSP saved American companies $72 million in June, about $17 million less (-19%) from July 2018. It marked the second month in a row that year-over-year savings due to terminated GSP for India and Turkey. In the first seven months of 2019, GSP saved American companies $628 million. Lost GSP for India cost American companies...

Continue reading

Terminating GSP for India cost American companies $25 million in June

Written on August 8, 2019 in India

Yesterday we wrote that GSP savings plummeted to $66 million in June. GSP savings fell by the most since the 2008-2009 financial crisis. But while external forces caused the last big drop, this one stemmed from the Administration’s choice to make American companies tariffs on previously duty-free imports from India (and Turkey). The price tag...

Continue reading

GSP savings plummet to $66 million in June

Written on August 7, 2019 in Arkansas

GSP saved American companies $66 million in June, about $39 million less than in May and $15 million less (-18%) from June 2018. The June declines reflect the first full month without GSP eligibility for imports from Turkey and first (mostly) full month without GSP for India. In the first six months of 2019, GSP...

Continue reading
Take Action

Follow us on Twitter

Renew GSP Today