That’s from one of the newest responses to our GSP expiration poll. More than 75 percent of this small, Arizona-based company’s revenues come from products imported under GSP, so it has experienced across-the-board cost increases since GSP expired. Often, the smallest businesses are hurt the most by expiration. Take the comp...
Continue readingTypically, we focus solely on the impacts of GSP expiration on American companies. Yet the story below shows not only the problems caused at home, but also the negative repercussions felt in developing countries. Even worse, the existence of options for exporting duty free to the United States has become a major consideration for Americ...
Continue readingThe U.S. Government released the trade data for January 2011 today, so this is the first time we’ve been able to see the actual costs of GSP expiration. The number isn’t pretty: $54.4 million in tariffs paid on about $1.5 billion worth of (previously) GSP-eligible products. How does this affect American companies, or as we.....
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