In the first 2 months of 2017, GSP saved American companies $111 million in eliminated tariffs. Connecticut, Iowa, Massachusetts, Washington, and Wisconsin joined the list of states that have saved at least $1 million so far in 2017 because of GSP. In total, GSP savings through February exceeded $1 million for 22 states. The map...
Continue readingIn February 2017, the GSP program saved American companies $53 million on about $1.4 billion in imports. GSP imports were down by 3 percent – and tariffs savings down by 2 percent – compared to February 2016. (Though it should be noted that 2016 had one extra day because of the leap year.). Despite the...
Continue readingIn January 2017, the GSP program saved American companies $59 million on about $1.5 billion in imports. GSP imports were up by 5 percent – and tariffs savings up by 8 percent – compared to January 2016. In terms of GSP savings, it was the best start to a year since 2013. Some states, such...
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