Evidence continues to grow that the nearly year-long trade war is pushing companies to source more from GSP countries such as India, Thailand, Cambodia, Indonesia, and Turkey. The May 10 increase in tariffs on $200 billion in imports from China – and announcement that new tariffs on the remaining $300 billion in imports could come...
Continue readingA key finding of the recent report on GSP termination impacts was that over 30% of companies would look to source more from China if GSP benefits went away. That was about the same share of companies reporting they would source more from any of the approximately 120 remaining GSP countries, and much higher than...
Continue readingA bipartisan group of members of the U.S. House of Representatives yesterday wrote to U.S. Trade Representative Robert Lighthizer urging the Trump administration not to terminate India’s ability to provide U.S. businesses with duty-free imports under the Generalized System of Preferences (GSP) program. The letter, which came from 25 Members o...
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