In March 2017, the GSP program saved American companies $62 million on about $1.6 billion in imports. GSP imports were down by 2 percent – though tariffs savings were up by 1 percent – compared to March 2016. In the first quarter of 2017, GSP imports were basically flat by value and up about 2...
Continue readingIn March, President Trump signed an Executive Order (EO) calling for a report on the causes of “Significant Trade Deficits.” Economists generally agree that macroeconomic factors related to national savings and investment rates drive trade balances, and we subscribe to that view as well. The EO and forthcoming report ensures that much i...
Continue readingLast week 23 more companies signed up for the 2017 GSP Supporter List (see graphic below). The companies are headquartered in 12 states and 23 different congressional districts. Nearly all are small businesses with fewer than 100 employees. NOTE: Tariffs on GSP-eligible may increase on January 1. Show Congress that GSP renewal is important to...
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