The Generalized System of Preferences (GSP) program eliminates U.S. tariffs (i.e., taxes) on certain imports from developing countries. GSP imports in 2011 totaled $18.5 billion and the program saved American companies more than $700 million. GSP saved Rhode Island companies an estimated $4.0 million in 2011. Rhode Island companies imported an esti...
Continue readingIf asked what state had the highest value of GSP imports in 2011, there’s a good chance you’d guess California – and you’d be right. But what about these questions: -which state ranked 10th in both GSP imports and tariff savings? -which state’s imports would face the highest average tariffs without GSP? Those are...
Continue readingAs the debate over GSP moves to the Senate, our focus has been on the state-level impacts of GSP expiration (as you may have noticed here and here). Below is our latest fact sheet showing how GSP expiration impacts different individual states. At some point there will be a “call to action,” but in the...
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