Today is yet another big day in the 2016 presidential primaries as voters head to the polls in Connecticut, Delaware, Maryland, Pennsylvania, and Rhode Island. With all of the anti-trade rhetoric in the campaign, it is important to recognize how these states benefit from trade, and the Generalized System of Preferences (GSP) program in particular.....
Continue readingYesterday, the Coalition for GSP joined with nearly two dozen leading trade groups to announce that the fifth annual “Imports Work” Week will take place from May 9-13, 2016. A study unveiled during Imports Work Week in 2013 found that 16 million U.S. jobs depend on imports. Another study by HSBC shows that imports save...
Continue readingIn February, the GSP program saved American companies more than $54 million on about $1.4 billion in imports. The GSP program saved U.S. companies $109 million in the first two months of 2016. Overall, GSP tariff savings increased increased by 31 percent compared to February 2015. The value of imports under GSP increased 30 percent....
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