GSP Saved American Companies $84 Million in November 2017

Written on January 9, 2018 in Alabama

GSP expired on December 31, but new data available show GSP imports continued to climb toward the end of last year. In November, GSP saved American companies $84 million on about $2.0 billion in imports – once again exceeding any single month all the way back to October 2006. GSP imports were up by 14...

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Nearly 400 American Organizations Send Letter Urging Congressional Leaders to Pass Swift, Retroactive GSP Renewal

Written on January 5, 2018 in GSP Supporter List

Brian Miles from chemical distributor I. Stern & Co. in Clark, New Jersey doesn’t believe it can “sustain all of our salespeople if we are put into an uncompetitive price situation caused by the additional duty costs for our raw materials.” Thomas Snyder of Warehouse Associates in Indianapolis, Indiana, which supplies componen...

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GSP Expired: What To Do Now

Written on January 1, 2018 in USA

Congress’ failure to extend GSP beyond December 31 means U.S. companies must now pay tariffs on previously GSP-eligible, duty-free imports. It is estimated that expiration will cost American companies $2.5-$3.0 million in extra taxes for each day GSP remains expired. It is critical that importers continue claiming GSP for eligible products de...

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NEW SURVEY: What happens if GSP expires?

Written on December 10, 2017 in USA

GSP is scheduled to expire on December 31, but Congress currently plans to adjourn by December 22. That means failure to renew GSP in the next 2 weeks likely results in an expiration that – if recent history is an example – could last years. As we continue advocating for GSP renewal, we want to...

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GSP Saved American Companies $82 Million in October 2017

Written on December 6, 2017 in Alabama

High GSP savings levels continued in October: GSP saved American companies $82 million on about $2.0 billion in imports – more than any other month all the way back to October 2006. GSP imports were up by 22 percent – and tariffs savings were up by 28 percent – compared to October 2016. Year-to-date savings...

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