According to new data released this week, GSP expiration cost American importers another $56.9 million in higher import taxes in March on $1.6 billion in GSP-claimed imports. That brings the total tariffs paid because of expiration to $441 million from August 1 to March 31. Since GSP has been expired for an additional 6 weeks...
Continue readingThink products that are imported into the United States free of tariffs (taxes) under the U.S. Generalized System of Preferences (GSP) program don’t matter to you? Think again. Previously, we’ve shown some of the products found around the house that people (and their pets) use every day. But that’s just the beginning: here’s...
Continue readingMay is World Trade Month. For most people, that means a chance to talk up the benefits of exports for American jobs. Yet for many American companies – and users of the U.S. Generalized System of Preferences (GSP) program in particular – access to imports has an important, positive, U.S. job impact that is too...
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