Based on an analysis of new U.S. Census Bureau data released last week, American companies paid at least $1.05 billion in extra tariffs on $18.7 billion in imports due to GSP expiration last year. Here are some of the highlights (or really, lowlights): Top 5 states by tariffs paid due to expiration: California ($287 million),...
Continue readingLast year we wrote about how roses were recently added to GSP – but expiration means more expensive roses for Valentine’s Day. Not surprisingly, imports of roses spike in January and February in preparation for the Valentine’s holiday. As Scott Lincicome tweeted: “Congress literally raised taxes on love. Happy valentine&rsqu...
Continue readingOn November 19, 75 Members of the House of Representatives sent a letter to U.S. Trade Representative Katherine Tai supporting U.S.-India negotiations, including a “framework for a deal that could be implemented soon after Congress reauthorizes the GSP program.” The letter was led by House Ways and Means Committee Members Suzan DelBene ...
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