That 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 readingOk, so that’s a bad play on words, but radial tires are one of the most valuable GSP imports. In 2010, GSP imports of tires for passenger cars, trucks, and buses exceeded $725 million, saving American importers $29 million. Thailand and Indonesia are the two leading GSP suppliers of radial tires under GSP, combining for...
Continue readingAmericans love their pickles. According to Pickle Packers International and its I Love Pickles website, we eat 2.5 billion pounds of pickles every year, or 20 billion pickles total. I Love Pickles has many other fun facts, but GSP didn’t make the cut. Perhaps it should have, since more than $30 million worth of jarred...
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