Category: Idaho

Costs of GSP Expiration by State: August-November 2013

Written on January 15, 2014 in California

As we noted last Friday, GSP expiration cost another $54 million in November. In total, expiration increased import taxes by more than $228 million from August to November, raising prices for companies in every state. Just how much varies greatly by state, as shown below. California companies paid an estimated $34 million in new import...

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GSP and Idaho: Fast Facts

Written on January 7, 2013 in GSP

The Generalized System of Preferences (GSP) program eliminates U.S. tariffs (i.e., taxes) on certain imports from developing countries. GSP imports in 2011 totaled $18.5 billion and the program saved American companies more than $700 million. GSP saved Idaho companies an estimated $103,000 in 2011. Idaho companies imported an estimated $4.4 million...

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