GSP expiration means more expensive roses for Valentine’s Day

Written on February 14, 2021 in USA

An (unfortunate) #TradeValentines: Roses are red,And were added to GSP in November.But face high tariffs againSince Congress let GSP expire in December. One of the few bright spots for GSP in 2020 was the addition of roses to the list of GSP-eligible products as part of the 2020 annual product review. New duty-free treatment took...

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GSP saved American companies $879 million in 2020, but expiration already hurting American jobs and workers

Written on February 11, 2021 in New York

According to new research from the Coalition for GSP, the Generalized System of Preferences (GSP) program saved American companies $879 million in 2020. Total imports under GSP were nearly $17 billion. Overall GSP imports and savings were down from 2019 due to both country terminations and coronavirus impacts. GSP savings started growing again in l...

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