In the first quarter of 2017, GSP saved American companies $173 million in eliminated tariffs. Year-to-date savings crossed the $1 million threshold for 6 states, including Alabama, Arizona, Louisiana, Minnesota, Missouri, and Nevada. In total, GSP savings through March exceeded $1 million for 28 states plus Puerto Rico. The map below shows the ove...
Continue readingThompson Traders is a family business founded by the Thompson Family. The company aims to provide hand-crafted, luxury sinks and tubs at affordable prices, and GSP is vital to meeting that goal. After 7 years of trials and tribulations, the start-up company reached break-even in 2013 and had grown to 20 employees. Then Congress allowed...
Continue readingIn March 2017, the GSP program saved American companies $62 million on about $1.6 billion in imports. GSP imports were down by 2 percent – though tariffs savings were up by 1 percent – compared to March 2016. In the first quarter of 2017, GSP imports were basically flat by value and up about 2...
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