GSP Saved American Companies $72 Million in May 2017

Written on July 26, 2017 in Alabama

In May 2017, the GSP program saved American companies $72 million on about $1.8 billion in imports. GSP imports were up by 14 percent – and tariffs savings were up by 16 percent – compared to May 2016. Some states such as New Hampshire and New Mexico saw much larger increases in GSP imports and...

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GSP Company Profile: Summit Specialty in Alpharetta, Georgia

Written on July 24, 2017 in Brazil

Summit Specialty is a small business in Alpharetta, Georgia that supplies interior pine doors for the U.S. residential housing market. GSP eliminates the 4.8 percent import tax on the 1 3/8″ doors that Summit sources from Brazil and helps reduce costs for new single-family homes built throughout the United States. New tariffs from GSP expirat...

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How GSP Promotes “Made in America” Trucks

Written on July 18, 2017 in California

On Monday, President Donald J. Trump declared July 16-22 to be “Made in America” week and held an event at the White House highlighting American-made products. Yet such events often overlook the benefits of imports, including programs such as GSP, in creating those American-made products. Take BTR International, a small business in New ...

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GSP Company Profile: Matr Boomie in Austin, Texas

Written on July 17, 2017 in India

Austin-based Matr Boomie was founded in 2006 with the mission of creating opportunities for women and minorities to realize their creative, economic, and leadership potential. Since then it has grown to empower 20,000 artisans in 40 partner communities throughout India and its products are sold at more than 1,500 retailers in North America, Europe,...

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USTR Announces Major Expansion of GSP Program

Written on July 5, 2017 in USA

On June 29, the Office of the U.S. Trade Representative (USTR) announced the results of the 2016/2017 GSP Annual Review. Despite much uncertainty from importers about the new Administration’s position on GSP, the review resulted in one of the largest program expansions in history. In the most significant act, USTR extended duty-free benefits ...

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GSP Company Profile: Primetac in Little Ferry, New Jersey

Written on July 3, 2017 in Indonesia

Primetac is a family-owned business supplying high quality tapes, films, and industrial packaging throughout North America. Primetac passes the savings from GSP-eligible imports on to companies across the United States while supporting jobs in four states. When GSP expire in 2013, Primetac was forced to raise prices to compensate for those new impo...

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GSP Company Profile: Sophia Foods in Brooklyn, New York

Written on June 26, 2017 in New York

Sophia Foods is a family-owned specialty food distributor founded in 1991. It strives to bring specialty products from around the world to consumers at low prices. GSP is vital in allowing Sophia Foods to keep prices competitive. Sophia Foods was forced to lay off workers each of the last two times Congress allowed GSP to...

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