The 2016 presidential elections have focused a lot on trade – and not in a good way. The remaining candidates on both sides of the aisle seem to be jockeying for the mantle of “Most Protectionist.” In current environment, it is more important than ever to speak about the benefits of imports as part of...
Continue readingFab-Line Machinery, which has facilities in St. Charles, Illinois and Nashville, Tennessee, imports metal fabrication machinery from Turkey under GSP. The products, including hydraulic press breaks, hydraulic shears, and plasma cutting systems, are used by American manufacturers for domestic production. Based on its response to our new GSP renewal ...
Continue readingBased on data released this week, continued GSP expiration cost American importers another $60 million in April 2015. At nearly $2 million a day in higher taxes, GSP expiration’s estimated cost through today (June 5) is about $1.23 BILLION paid by American companies. Since the Senate approved GSP legislation by a vote of 97-1, American...
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