We recently posted that GSP savings shattered previous records in October and that growth was strongest for products where the Trump administration has imposed new 10-25% tariffs on imports from China. One very clear example: Christmas lights, whose imports from China became subject to a 10% tariff on September 24. For September/October, GSP import...
Continue readingGSP savings shattered previous records in October. Growth was strongest for products where the Trump administration has imposed new 10-25% tariffs on imports from China. Was this a coincidence or the start of a long-term trend of companies shifting sourcing out of China and into GSP-eligible countries? We want to hear from you! The information...
Continue readingGSP saved American companies a record $105 million in October 2018. The savings exceeded the previous 10-year high – set just two months earlier – by $12 million (13%). GSP savings are on track to exceed $1 billion in 2018, likely for the first time in GSP’s 40-plus year history. As recently as 2015, GSP...
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