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 July 2017, the GSP program saved American companies $73 million on about $1.8 billion in imports. GSP imports were up by 18 percent – and tariffs savings were up by 23 percent – compared to July 2016. (NOTE: that likely understates savings, as U.S. government data show no claimed GSP benefits for imports of...
Continue reading3V Sigma is a leading producer of advanced specialty chemicals that has been in business for over 60 years. 3V imports some of their chemicals from India through GSP and is able to pass those savings on to its customers: American manufacturers of paper, plastics, textiles, coatings, building materials, and related products. GSP expiration in....
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