GSP saved American companies over $400 million in the first half of 2020. GSP benefited companies in every state – and the map below shows the overall value of January-June 2020 GSP imports (in blue) and tax savings (in red) by state. The top states by GSP savings have been fairly consistent over the years....
Continue readingAccording to new research from the Coalition for GSP, the Generalized System of Preferences (GSP) program saved American companies $407 million from January to June 2020. Total imports under GSP were about $7.6 billion. Though figures were down sharply from the first half of 2019, when GSP eliminated about $555 million in tariffs on $11.7...
Continue readingYesterday at a virtual conference hosted by the U.S.-India Business Council, U.S. Secretary of State Mike Pompeo said India may be poised to lure American supply chains away from China because it “has earned the trust of many nations, including the United States.” Mr. Secretary, please call your colleagues at the Office of the U.S....
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