Over the last week, we’ve highlighted the ways that GSP supports American jobs, lowers costs for families, helps domestic producers compete, and promotes economic development abroad. Yet that is only true when GSP is in effect, and GSP has been expired for 9 months and counting. So our policy recommendation should come as no surprise:...
Continue readingWhile American companies have come to rely on the Generalized System of Preferences (GSP) program to lower costs for key imports, the original intent was to promote economic growth in developing countries around the world. Instead of traditional means to stimulate growth, such as providing direct foreign aid, GSP created an incentive for U.S. compa...
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 reading