In August, the GSP program saved American companies $75 million on about $1.8 billion in imports. Those figures are notable for several reasons: That is the highest reported monthly savings since October 2008. GSP imports were up by 17 percent – and tariffs savings were up by 21 percent – compared to August 2016. Year-to-date...
Continue readingIn April 2017, the GSP program saved American companies $66 million on about $1.7 billion in imports. GSP imports were up by 8 percent – and tariffs savings were up by 11 percent – compared to April 2016. Some states such as Kentucky and Virginia saw much larger increases in GSP imports and savings compared...
Continue readingFounded in 1989, Kona is a dedicated group of cyclists making bicycles for people who love bikes. Most Kona bikes are imported from Cambodia, though it also sells a high-end line made in Tennessee. By eliminating the 11 percent tariff on bicycles, GSP allows Kona to increase its product variety while passing along the savings...
Continue reading