In light of today’s Senate Finance Committee hearing, we decided to roll out some of our new GSP import data by state. For example, did you know that…. Five of the top six states in terms of tariffs paid through April because of GSP expiration are represented on the Finance Committee? Maryland, represented on the...
Continue readingThat question was asked by a respondent to our GSP Expiration Poll.* Unfortunately, the question is not simply rhetorical. The Connecticut-based company has less than 25 employees, but its tariff payments have increased by $45,000 to $70,000 per month since GSP expired. According to the company: “We have had to slash o...
Continue readingImagine a world with no wailing solos from future Eric Claptons….or ballads from the next Stevie Wonder…or drum beats from….this kid. GSP might not teach kids how to play their instruments, but it does make them more affordable. In 2010, $84 million worth of musical instruments were imported duty free under GSP, waiving t...
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