We spent a good chunk of last week running around Capitol Hill and meeting with House offices about the importance of renewing GSP. Every office we met with had at least one GSP supporter list company headquartered in the district – one of them had 12 constituent companies (!) – so we knew there would...
Continue readingOver the last week, we’ve highlighted the ways that GSP supports American jobs, lowers costs for families, helps domestic producers compete, and promotes economic development abroad. Yet that is only true when GSP is in effect, and GSP has been expired for 9 months and counting. So our policy recommendation should come as no surprise:...
Continue readingAccording to new data released this week, GSP expiration cost American importers another $56.9 million in higher import taxes in March on $1.6 billion in GSP-claimed imports. That brings the total tariffs paid because of expiration to $441 million from August 1 to March 31. Since GSP has been expired for an additional 6 weeks...
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