Cloth masks face the most new tariffs due to lost GSP for Thailand, but who needs those? (Or, how punitive tariffs punish the US)
In late April, the United States suspended duty-free treatment for about 1/3 of Thailand’s imports under GSP. Lost GSP for Thailand cost importers up to $17 million in extra taxes from May to July; another burden for American GSP importers hurt by the Covid-19 pandemic and recession. New data suggests cloth face masks are the...
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