In the first quarter of 2017, GSP saved American companies $173 million in eliminated tariffs. Year-to-date savings crossed the $1 million threshold for 6 states, including Alabama, Arizona, Louisiana, Minnesota, Missouri, and Nevada. In total, GSP savings through March exceeded $1 million for 28 states plus Puerto Rico. The map below shows the ove...
Continue readingAlong with the launch of the new site, the Coalition for GSP released updated reports for on why GSP matters for all 50 states (available here). For each state, the reports highlight: total GSP imports, tariffs savings, and average tariffs waived on account of GSP in 2016; companies importing GSP-eligible products; top GSP imports by...
Continue readingIn October, the GSP program saved American companies $64 million on about $1.6 billion in imports. The value of GSP imports increased by about 4 percent, while the tariff savings increased by nearly 9 percent compared to October 2015. Overall, GSP saved U.S. companies $600 million in the first 10 months of 2016. GSP savings...
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