A few weeks back, we launched a new survey to see when companies would begin to start placing orders for 2018 delivery and how uncertainty was already impacting GSP users. (If you haven’t answered the survey yet, can you please take 60 seconds to do so here?) The responses to date clearly illustrate why Congress...
Continue readingChicago-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 readingFab-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...
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