This week, India officially lost it GSP benefits. Combined with the Turkey GSP decision from mid-May, companies must now pay an extra $1 million a day in new taxes despite Congress’ explicit authorization to make those imports duty-free. This week, there also were two subpar jobs reports. BLS reported just 75,000 new nonfarm payroll jobs,...
Continue reading(WASHINGTON) – Coalition for GSP Executive Director Dan Anthony released the following statement this evening after President Trump signed the proclamation ending Generalized System of Preferences (GSP) eligibility for India. For detailed information on how this action will hurt U.S. businesses and workers visit HERE. &ld...
Continue readingLast night, President Trump signed a presidential proclamation terminating GSP for Turkey. The decision took effect immediately (May 17), following the March 4 notification of intent to terminate after at least 60 days. That 60-day minimum period ends on May 4. “We know who this will hurt – small but growing American businesses that dep...
Continue reading