In the first 11 months of 2017, GSP saved American companies $785 million in eliminated taxes. That is about $118 million, or nearly $11 million per month, more than the first 11 months of 2016. Savings for July-October also don’t reflect program changes adding benefits for travel goods that could add another $5-10 million per...
Continue readingGSP expired on December 31, but new data available show GSP imports continued to climb toward the end of last year. In November, GSP saved American companies $84 million on about $2.0 billion in imports – once again exceeding any single month all the way back to October 2006. GSP imports were up by 14...
Continue readingBrian Miles from chemical distributor I. Stern & Co. in Clark, New Jersey doesn’t believe it can “sustain all of our salespeople if we are put into an uncompetitive price situation caused by the additional duty costs for our raw materials.” Thomas Snyder of Warehouse Associates in Indianapolis, Indiana, which supplies componen...
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