According to new data released this week, the Generalized System of Preferences (GSP) program saved American companies nearly $730 million on $18.7 billion in imports in 2016. That’s a savings increase of about 10 percent over 2015. The infographic below highlights some other key facts and figures about the GSP program for 2016. We’ll b...
Continue readingIn November, the GSP program saved American companies $67 million on about $1.7 billion in imports. The value of GSP imports increased by about 16 percent, while the tariff savings increased by nearly 18 percent compared to November 2015. Overall, GSP saved U.S. companies $667 million in 2016 through November. GSP savings are up about...
Continue readingIn September, the GSP program saved American companies $59 million on about $1.5 billion in imports. While the value of GSP imports decreased by about 5 percent, the tariff savings only decreased by 0.3 percent compared to September 2015. Overall, GSP saved U.S. companies $531 million in the first nine months of 2016. GSP savings...
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