Based on an analysis of new U.S. Census Bureau data, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $1.15 billion, including another $99 million in January 2022. Those figures are the absolute minimum: companies have paid over $200 million in tariffs on potentially GSP-eligible tariffs that didn&r...
Continue readingBased 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 readingAs the House and Senate try to move ahead on a China competition package, including GSP renewal, we expect a lot of questions on constituent impacts of expiration (or possible changes). Please take a moment to answer the survey below to ensure we can provide the best possible information to them. More details is better...
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