In the first 6 months of 2017, GSP saved American companies $399 million in eliminated tariffs. Year-to-date savings crossed the $1 million threshold for two states: Rhode Island and Kansas. In total, GSP savings through June exceeded $1 million for 37 states plus Puerto Rico. The map below shows the overall value of year-to-date 2017...
Continue reading3V Sigma is a leading producer of advanced specialty chemicals that has been in business for over 60 years. 3V imports some of their chemicals from India through GSP and is able to pass those savings on to its customers: American manufacturers of paper, plastics, textiles, coatings, building materials, and related products. GSP expiration in....
Continue readingIn June 2017, the GSP program saved American companies $71 million on about $1.8 billion in imports. June marked the first time that monthly GSP savings exceeded $70 million in consecutive months since September-October 2008. (GSP saved American companies $72 million May). GSP imports were up by 15 percent – and tariffs savings were up...
Continue reading