Written on May 4, 2022 in
USA On May 3, a broad range of American companies and associations sent a letter to Congressional leaders outlining priorities for GSP renewal as part of conference negotiations on a compromise measure to align the U.S. Innovation and Competition Act and the America COMPETES Act (also know as the Bipartisan Innovation Act). Letter signers ranged from.....
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Written on April 6, 2022 in
USA Based on an analysis of new U.S. Census Bureau data, expiration of the Generalized System of Preferences (GSP) program has cost American companies at least $1.24 billion, including another $90 million in February 2022. Those figures are the absolute minimum: companies have paid well over $200 million in tariffs on potentially GSP-eligible tariffs t...
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Written on March 9, 2022 in
USA Based on an analysis of new U.S. Census Bureau data, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $1.15 billion, including another $99 million in January 2022. Those figures are the absolute minimum: companies have paid over $200 million in tariffs on potentially GSP-eligible tariffs that didn&r...
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