Chicago-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 readingThis week 15 more organizations (1 association, 14 companies) signed up for the 2017 GSP Supporter List. The new organizations, which follow the 10 new companies from last week, are all listed below. *** Tariffs on GSP imports are scheduled to go up on January 1. By the time that feels “close,” it may be...
Continue readingIn August, the GSP program saved American companies $62 million on about $1.6 billion in imports. The value of GSP imports increased by about 5 percent, while tariff savings increased by about 11 percent compared to August 2015. Overall, GSP saved U.S. companies $472 million in the first eight months of 2016. GSP savings in...
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