American companies paid at least $70 million in tariffs in January 2021 due to GSP expiration. The map below shows estimated tariffs for products claiming GSP paid by state. The products facing the most new tariffs vary greatly by state: In Florida, roses faced more than $1.8 million in new tariffs due to GSP expiration...
Continue readingTR International (TRI) is a chemical distributor based in Seattle, Washington. It employs 20 workers at its Seattle headquarters and 10 more at locations throughout the United States. It supplies imported and domestic chemicals to American manufacturers of paints, coatings, industrial cleaners, personal care products, hand sanitizers, and disinfect...
Continue readingGSP saved American companies $80 million in September, about $10 million less (-11%) from September 2018. It marked the fourth month in a row that year-over-year savings declined, due wholly to terminated GSP for India and Turkey. Despite lost GSP for those two key supplier countries, GSP saved American companies $797 million in the first...
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