In August, the GSP program saved American companies $75 million on about $1.8 billion in imports. Those figures are notable for several reasons: That is the highest reported monthly savings since October 2008. GSP imports were up by 17 percent – and tariffs savings were up by 21 percent – compared to August 2016. Year-to-date...
Continue readingRoyal Chain Group is a family-owned importer and distributor of fine jewelry. Based in New York City, it supplies jewelry to retailers throughout the United States. Royal Chain imports gold and silver jewelry from Indonesia, Thailand, and Turkey under GSP. While GSP was expired, Royal Chain paid more than $2 million in new tariffs. It...
Continue readingEvery day this week we’ve been spotlighting 3 companies around the country benefiting from GSP renewal. (Here are the posts from Monday, Tuesday, and Wednesday). Below are three more companies able to new and better American jobs because of GSP renewal: Thompson Traders in Greensboro, North Carolina: GSP expiration cost Thompson Traders...
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