As we posted the other day, GSP expiration cost American companies $55 million in new taxes in November 2014, bringing the total taxes paid from August 2013 to November 2014. With GSP expiration, it’s not the case that just a few areas are impacted. Companies in every state are paying higher taxes, as shown on...
Continue readingMany people think imports are bad because they take business away from U.S. producers. Yet the reality is that many goods imported into the United States are used by American companies to manufacture, grow, or otherwise “make stuff” in the United States. This is certainly true for products imported duty-free under the Generalized System...
Continue readingYesterday, the National Association of Manufacturers (NAM) wrote about the negative impact of GSP expiration on…not surprisingly…manufacturers. At the most basic level, because of GSP expiration “many manufacturers’ costs are higher and their competitiveness undermined.” This of course is a point we’ve made a n...
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