Category: Tennessee

GSP Company Profile: Fab-Line Machinery in Nashville, Tennessee

Written on June 5, 2017 in Illinois

Fab-Line Machinery in Nashville supplies metalworking equipment (e.g., press brakes and shears) to American manufacturers. With average machine costs of nearly $150,000, GSP eliminates about $7,500 per machine imported by Fab-Line from Turkey. When GSP expired in 2013, Fab-Line was forced to raise prices to compensate for those new import taxes. Ul...

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GSP Saved American Companies $62 Million in March 2017

Written on May 10, 2017 in Alabama

In March 2017, the GSP program saved American companies $62 million on about $1.6 billion in imports. GSP imports were down by 2 percent – though tariffs savings were up by 1 percent – compared to March 2016. In the first quarter of 2017, GSP imports were basically flat by value and up about 2...

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