GSP 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 readingGSP saved American companies $865 million in eliminated taxes. That is about $136 million, or nearly $13 million per month, more than 2016. Savings for July-October also don’t reflect program changes adding benefits for travel goods that could add another $5-10 million per month once data are revised. GSP savings exceeded $1 million for 41...
Continue readingGSP expired on December 31, but new data available show GSP imports continued to climb toward the end of last year. In November, GSP saved American companies $84 million on about $2.0 billion in imports – once again exceeding any single month all the way back to October 2006. GSP imports were up by 14...
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