According to new research from the Coalition for GSP, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $83 million in May 2021. Congressional authorization for GSP expired on December 31, 2020. In the first six months of expiration, American companies paid at least $480 million in extra taxes as...
Continue readingAltus Brands, LLC is a small, 12-employee company in Grawn, Michigan – near Traverse City and Michigan’s “Little Finger” – that imports leather bags from the Philippines. It is among the many companies in the United States and around the world that needs Congress to renew GSP and refund tariffs paid immediately. GSP be...
Continue readingAccording to new research from the Coalition for GSP, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $89 million in May 2021. Congressional authorization for GSP expired on December 31, 2020. In the first five months of expiration, American companies paid at least $397 million in extra taxes as...
Continue reading