The Coalition for GSP today released an in-depth survey of American businesses that details how they will be harmed by loss of duty-free imports under the Generalized System of Preferences (GSP) program. On March 4, The Trump administration announced its intent to terminate eligibility for India and Turkey under the GSP program and a formal...
Continue readingGSP terminations for India and Turkey could take effect as soon as Saturday, May 4. Nothing happens automatically – a Presidential Proclamation setting an implementation date must be issued – after May 4 any such proclamation can take effect immediately. Kicking India and Turkey out would cost American companies over $300 million annual...
Continue readingTariffs are just another kind of tax. As many Americans scramble to finish up their taxes – and learn whether they’re due a refund (or something less pleasant) – there is another group of Americans for which May 4 may be a more important deadline: small businesses importing under GSP. These companies need an extension....
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