In April 2017, the GSP program saved American companies $66 million on about $1.7 billion in imports. GSP imports were up by 8 percent – and tariffs savings were up by 11 percent – compared to April 2016. Some states such as Kentucky and Virginia saw much larger increases in GSP imports and savings compared...
Continue readingThe 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 Oklahoma companies an estimated $3.4 million in 2011. Oklahoma companies imported an estimated $8...
Continue readingThe Senate passed the cloture motion this evening by a vote of 84-8. All eight “no” votes came from Republicans, including: Alabama: Senator Jeff Sessions (R); Senator Richard Shelby (R) Arizona: Senator Jon Kyl (R); Senator John McCain (R) Louisiana: Senator David Vitter (R) Oklahoma: Senator Tom Coburn (R) South Carolina: Senato...
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