Based on data released last week, continued GSP expiration cost American importers another $41 million in February 2015. Despite a significant drop from typical monthly levels (likely on account of the West Coast Port slowdown), it was the most expensive month yet for companies in Iowa in terms of tariffs paid because of GSP expiration....
Continue readingIt’s a snowy day in Washington. The Federal Government is closed. The House and Senate both agreed to wrap up work early and flee DC before the snow hit (the House won’t return until March 16). So it seems appropriate to highlight the snowball effects of continued GSP expiration. The following comes from an email...
Continue readingAs we posted the other day, GSP expiration cost American companies $55 million in new taxes in November 2014, bringing the total taxes paid from August 2013 to November 2014. With GSP expiration, it’s not the case that just a few areas are impacted. Companies in every state are paying higher taxes, as shown on...
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