We received this email the other day. Little commentary seems necessary, but it’s quite sad that people who have chosen to invest in themselves to provide a better life for their family are now being punished by GSP expiration: “[Our company] has suspended all imports of products that we expected to be duty free. Our...
Continue readingThat’s from one of the newest responses to our GSP expiration poll. More than 75 percent of this small, Arizona-based company’s revenues come from products imported under GSP, so it has experienced across-the-board cost increases since GSP expired. Often, the smallest businesses are hurt the most by expiration. Take the comp...
Continue readingThat question was asked by a respondent to our GSP Expiration Poll.* Unfortunately, the question is not simply rhetorical. The Connecticut-based company has less than 25 employees, but its tariff payments have increased by $45,000 to $70,000 per month since GSP expired. According to the company: “We have had to slash o...
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