Written on July 23, 2021 in
China
If there is one area of bipartisan consensus in 2021 in Congress and the Administration, it is “getting tough on China.” Letting GSP expire does the opposite. Take it from a company that has paid $140,000 in tariffs in 2021 due to GSP expiration: “I have had to switch suppliers, as I can no longer...
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Written on July 21, 2021 in
USA
The Coalition for GSP is launching a new survey of American imports on the costs to date, both in tariffs paid and actions taken, due to the current GSP expiration. GSP has been expired for nearly 7 months. Based on $400 million in extra tariffs paid through May, by now (July 21) the tariff costs...
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Written on July 20, 2021 in
Alabama
According to new research from the Coalition for GSP, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $89 million in May 2021. Congressional authorization for GSP expired on December 31, 2020. In the first five months of expiration, American companies paid at least $397 million in extra taxes as...
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