In September, the GSP program saved American companies $59 million on about $1.5 billion in imports. While the value of GSP imports decreased by about 5 percent, the tariff savings only decreased by 0.3 percent compared to September 2015. Overall, GSP saved U.S. companies $531 million in the first nine months of 2016. GSP savings...
Continue readingIn the first eight months of 2016, GSP saved American companies about $472 million in eliminated tariffs. Hawaii joined the list of states for which GSP eliminated at least $1 million in tariffs on imports, bringing the total to 38 states (plus Puerto Rico). The map below shows the overall GSP imports and savings by...
Continue readingIn August, the GSP program saved American companies $62 million on about $1.6 billion in imports. The value of GSP imports increased by about 5 percent, while tariff savings increased by about 11 percent compared to August 2015. Overall, GSP saved U.S. companies $472 million in the first eight months of 2016. GSP savings in...
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