After the latest Supporter List update this morning, there are now 202 American companies and associations calling on Congress to renew GSP. Since GSP was reinstated in July 2015, it has saved American companies $1.3 billion, including $256 million from January-April 2017. Who benefits the most from GSP? Globally engaged small businesses. Over 80 p...
Continue readingIn the 4 months of 2017, GSP saved American companies $256 million in eliminated tariffs. Year-to-date savings crossed the $1 million threshold for 4 states, including Colorado, Mississippi, New Hampshire, and Oregon. In total, GSP savings through April exceeded $1 million for 32 states plus Puerto Rico. The map below shows the overall value of...
Continue readingFab-Line Machinery in Nashville supplies metalworking equipment (e.g., press brakes and shears) to American manufacturers. With average machine costs of nearly $150,000, GSP eliminates about $7,500 per machine imported by Fab-Line from Turkey. When GSP expired in 2013, Fab-Line was forced to raise prices to compensate for those new import taxes. Ul...
Continue reading