Friday marked the one-year anniversary of GSP’s expiration, but Congress is out of DC until September 8th. Earlier this year, we published a report on the impacts of GSP expiration and we want to use the August recess to update that information. The updated survey (with minor modifications based on congressional staff questions) is below....
Continue readingToday marks the one year anniversary of GSP expiration. Once again, Congress is leaving DC for a 5-week recess, leaving importers stuck paying higher taxes without any indication of when they might find some relief. So what has changed? For starters: American companies have paid an estimated $670 million in unnecessary taxes. That number increases....
Continue readingLast week we wrote (here and here) about what companies were telling congressional offices about the need to renew GSP. We’ve been copied on many more emails since, so below are some more examples of what companies are saying. After Friday, Congress will adjourn for 5 full weeks, so if you haven’t done so already...
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