According to new data released this week, GSP expiration cost another $57 million in May 2014. With a daily cost of $1.84 million, American companies have paid $631 million because Congress has yet to renew GSP. The map below shows the breakdown of GSP imports and tariffs paid as a result of expiration by state...
Continue readingIt’s Tuesday, have you contacted your Senators and Representatives about the need to renew GSP yet? If not, now is a good time to use those links to do so. Remember to add as many details about your GSP use (what you import, how much you’ve paid because of expiration, etc.) as possible. We were...
Continue readingAs of today, GSP has been expired for a full 11 months. With a cost of more than $1.8 million per day, importers have paid an estimated $614 million in higher taxes because of Congress’ failure to renew GSP. It gets worse: after August 1, Congress has just 3 legislative weeks until mid November. That makes...
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