GSP Saved American Companies $66 Million in April 2017

Written on June 14, 2017 in Alabama

In April 2017, the GSP program saved American companies $66 million on about $1.7 billion in imports. GSP imports were up by 8 percent – and tariffs savings were up by 11 percent – compared to April 2016. Some states such as Kentucky and Virginia saw much larger increases in GSP imports and savings compared...

Continue reading

GSP Company Profile: Golden Country, LLC in Chicago, Illinois

Written on June 12, 2017 in Illinois

Chicago-based Golden Country imports over 4,000 different food products from Asia, Africa, and the Caribbean. GSP has allowed Golden Country to continue serving the tremendous growth in demand for international food products while keeping costs low. When GSP expired in 2013, Golden Country raised prices to reflect the new tariffs and saw sales drop...

Continue reading

GSP Company Profile: Fab-Line Machinery in Nashville, Tennessee

Written on June 5, 2017 in Illinois

Fab-Line Machinery in Nashville supplies metalworking equipment (e.g., press brakes and shears) to American manufacturers. With average machine costs of nearly $150,000, GSP eliminates about $7,500 per machine imported by Fab-Line from Turkey. When GSP expired in 2013, Fab-Line was forced to raise prices to compensate for those new import taxes. Ul...

Continue reading

NEW SURVEY: How Long For Delivery of Your GSP Imports?

Written on May 26, 2017 in USA

Congress is a very deadline-driven organization. It may not always hit them, but it generally focuses on the next immediate deadline. So a GSP expiration 7+ months away seems like an eternity given all the other deadlines before then. Businesses must think differently. Long lead times between placing orders and US delivery means GSP importers...

Continue reading

Nominees for the President’s “I” Award

Written on May 25, 2017 in California

On Monday, U.S. Secretary of Commerce Wilbur Ross honored 32 U.S companies and organizations with the President’s “E” Award. Secretary Ross stated: “Job creation is a top priority for the Trump administration. As we kick off World Trade Week, it is a pleasure to honor these companies who increase our domestic exports and cre...

Continue reading