NEW SURVEY: GSP expiration impacts

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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GSP renewal suggestion #3: prevent abuse/misapplication of new criteria

Written on July 14, 2021 in USA

As Congress considers GSP renewal legislation, there is no question that new eligibility criteria will be added. There are lots of questions about whether they new criteria will help raise standards or simply lead to more lost benefits/higher tariffs on Americans. As noted, American companies have paid about $800 million in extra tariffs due to...

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Extra tariffs paid: $800 million. Policy goals achieved: None.

Written on July 2, 2021 in India

When it comes to GSP eligibility criteria, imposing higher tariffs without accomplishing any positive changes in GSP country policies is the absolute worst-case scenario. It is also the norm. Due to GSP country terminations of Turkey (May 2019) and India (June 2019) and partial suspensions of Thailand (April 2020, December 2020), American companies...

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