In the first three months of 2016, GSP has saved American companies about $170 million in eliminated tariffs. Previously, we’ve shown some of the states, products, and countries with the biggest increases in January, February, and March (and will continue to do so going forward). The map below shows the overall GSP imports and savings...
Continue readingDiscussions about trade often present a false dichotomy: if exports are good and then imports must be bad. This oversimplified view lends itself to policy prescriptions that encourage exporters and discourage importers, yet the real world is much more complicated. According to the Census Bureau’s 2013-2014 Profile of U.S. Importing and Export...
Continue readingIn 2015, the Generalized System of Preferences (GSP) program saved American companies more than $660 million on $17.4 billion in imports. The infographic below highlights some other key facts and figures about the GSP program for 2015.
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