Yesterday, we posted that GSP expiration cost American companies $100 million through the first two months of 2011. If you continued reading beyond the headline, you probably remember us saying that “it’s too soon to make bold claims about the impact on sourcing decisions.” We stand by that statement, but…. Toda...
Continue readingThe U.S. Census Bureau released trade data today for February 2011, allowing us to update our GSP expiration costs. Through the first two months of the year, American companies paid an estimated $100 million in tariffs on (previously) GSP-eligible products. Perhaps that is why nearly 160 companies and associations have already added the...
Continue readingEvery now and again, people reach out to us with a story that epitomizes the experiences of companies around the country impacted by GSP expiration. We received one such email over the weekend from a company in Illinois, which we’ve posted in its entirety after the jump [all emphasis is ours]. This is the type...
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