In the first three months of 2016, GSP has saved American companies about $170 million in eliminated tariffs. Previously, we’ve shown some of the states, products, and countries with the biggest increases in January, February, and March (and will continue to do so going forward). The map below shows the overall GSP imports and savings by state from January to March.
Not surprisingly, companies in California led the way with $26 million in tax savings, followed by companies in New Jersey with $15 million and companies in New York and Texas with $12 million.
We’ll update this map monthly as new trade data become available. The most up-to-date version of the map will be available at all times on our new Graphics page.
