[getty src=”172709561?et=GcWiOQ7veUCcIPCXAam_nQ&sig=4GqngzqV2fttUS29IMlV1bAT_d8n-2VMK47gpxuFRgs=” width=”450″ height=”354″] Tax day. For some that means refunds and others it means cutting a check to Uncle Sam. For GSP importers, it means another $1.8 million in higher import taxes (in addition to corporate t...
Continue readingAs we noted last Friday, GSP expiration cost another $54 million in November. In total, expiration increased import taxes by more than $228 million from August to November, raising prices for companies in every state. Just how much varies greatly by state, as shown below. California companies paid an estimated $34 million in new import...
Continue readingYesterday, the National Association of Manufacturers (NAM) wrote about the negative impact of GSP expiration on…not surprisingly…manufacturers. At the most basic level, because of GSP expiration “many manufacturers’ costs are higher and their competitiveness undermined.” This of course is a point we’ve made a n...
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