Fab-Line Machinery in Nashville supplies metalworking equipment (e.g., press brakes and shears) to American manufacturers. With average machine costs of nearly $150,000, GSP eliminates about $7,500 per machine imported by Fab-Line from Turkey. When GSP expired in 2013, Fab-Line was forced to raise prices to compensate for those new import taxes. Ul...
Continue readingThe potential GSP expiration is 7 months away, but companies are already in a very tough spot. 2018 pricing and sourcing decisions must be made now (or soon), but companies can’t know whether their imports will remain duty-free. Congress’ tendency to wait until the last minute to act, or retroactively after the fact, doesn’t help....
Continue readingOn Monday, U.S. Secretary of Commerce Wilbur Ross honored 32 U.S companies and organizations with the President’s “E” Award. Secretary Ross stated: “Job creation is a top priority for the Trump administration. As we kick off World Trade Week, it is a pleasure to honor these companies who increase our domestic exports and cre...
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