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GSP Saved American Companies $79 Million in December 2017

Written on February 27, 2018 in Brazil

In the last month before GSP expired on December 31, it saved American companies $79 million on about $1.8 billion in imports. GSP imports were up by 17 percent – and tariffs savings were up by 29 percent – compared to December 2016. Total 2017 savings from GSP increased at least $136 million over 2016....

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GSP and Oklahoma: Fast Facts

Written on January 17, 2013 in GSP

The Generalized System of Preferences (GSP) program eliminates U.S. tariffs (i.e., taxes) on certain imports from developing countries. GSP imports in 2011 totaled $18.5 billion and the program saved American companies more than $700 million. GSP saved Oklahoma companies an estimated $3.4 million in 2011. Oklahoma companies imported an estimated $8...

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