Universal Arquati Moulding is a leading U.S. supplier of quality picture frame moulding, some of which is imported from Indonesia under GSP. In addition to its California headquarters, the company has facilities in Somerset, New Jersey and Carrollton, Texas and sales reps throughout the rest of the country. New tariffs from GSP expiration in 2013.....
Continue readingIn 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...
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