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GSP saved American companies $1.035 billion in 2019

Written on May 5, 2020 in USA

According to new research from the Coalition for GSP, the Generalized System of Preferences (GSP) program saved American companies $1.035 billion in 2019. Total imports under GSP were nearly $21 billion. While imports under GSP were down from 2018, savings were about the same, as the average tariff waived jumped to 5.0% in 2019 from...

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Over 430 American Businesses and Associations Urge Congressional Leaders to Support Delay of GSP Withdrawal Citing Impact to their Businesses and Employees

Written on April 4, 2019 in USA

After Congress voted nearly unanimously to renew GSP last year, American small businesses ask Congress to examine whether kicking countries that provide a third of the duty-free benefits out of the program reflects Congressional intent American businesses: “By lowering tariffs for American companies that import under GSP, it supports jobs and...

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