GSP is scheduled to expire on December 31, but Congress currently plans to adjourn by December 22. That means failure to renew GSP in the next 2 weeks likely results in an expiration that – if recent history is an example – could last years. As we continue advocating for GSP renewal, we want to...
Continue readingHigh GSP savings levels continued in October: GSP saved American companies $82 million on about $2.0 billion in imports – more than any other month all the way back to October 2006. GSP imports were up by 22 percent – and tariffs savings were up by 28 percent – compared to October 2016. Year-to-date savings...
Continue readingIn the first nine months of 2017, GSP saved American companies $619 million in eliminated tariffs. Year-to-date GSP savings through September exceeded $1 million for 39 states plus Puerto Rico. The map below shows the overall value of year-to-date 2017 GSP imports (in blue) and tax savings (in red) by state.
Continue reading