Archive for: February 2014

Another Valentine’s Day Without GSP

Written on February 14, 2014 in California

When February 14 rolls around every year, very few people think about expired trade programs. But perhaps they should. In particular, Members of Congress should take a moment to realize how allowing programs like GSP to remain expired can increase costs on what should be one of the sweetest days of the year. Don’t get...

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GSP in 2013: Companies Should’ve Saved…Could’ve Hired?

Written on February 12, 2014 in GSP

According to new data released last week, American companies imported $18.5 billion worth of GSP-eligible products in 2013. GSP should have reduced taxes on those companies by nearly $700 million. Instead, companies had to pay about $280 million in higher taxes because Congress allowed GSP to expire on July 31. TRInternational, Inc. (TRI), a global...

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