In March 2017, the GSP program saved American companies $62 million on about $1.6 billion in imports. GSP imports were down by 2 percent – though tariffs savings were up by 1 percent – compared to March 2016. In the first quarter of 2017, GSP imports were basically flat by value and up about 2...
Continue readingFounded in 1989, Kona is a dedicated group of cyclists making bicycles for people who love bikes. Most Kona bikes are imported from Cambodia, though it also sells a high-end line made in Tennessee. By eliminating the 11 percent tariff on bicycles, GSP allows Kona to increase its product variety while passing along the savings...
Continue readingYesterday, we demonstrated why a focus on bilateral trade deficits will provide misguided (at best) or counterproductive and harmful (at worst) lessons to policymakers. In short, companies contribute to bilateral trade deficits with some countries and bilateral surpluses with other – but a report on bilateral deficits will almost never captur...
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