GSP saved American companies nearly $900 million in 2020. GSP benefited companies in every state – and the map below shows the overall value of 2020 GSP imports (in blue) and tax savings (in red) by state. California accounts for more than a quarter of GSP savings, more than the next 3 states – New...
Continue readingWhile all focus right now is on the need for Congress to renew GSP before December 31, the harm done by Administrative actions to American companies since GSP was last renewed in 2018 cannot be overstated. Since the last Congressional GSP reauthorization, American companies have paid up to $500 million in extra tariffs due to...
Continue readingThe Cannon Group in Westerville, Ohio is a family-owned company that provides plastic packaging products to newspapers, grocery stores, and other cost-conscious industries. Due to Covid-19, it has begun supplying PPE products, initially to help existing customers keep their businesses running and more recently providing PPE products to the State of...
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