In March, the GSP program saved American companies nearly $62 million on about $1.6 billion in imports. The GSP program saved U.S. companies $170 million in the first three months of 2016. Overall, GSP tariff savings increased increased by 8 percent compared to March 2015. The value of imports under GSP increased 6 percent. Some...
Continue readingSix more companies added their names to the GSP Supporter List since yesterday, bringing the total to 404 American companies and associations calling for the immediate, retroactive renewal of the GSP program. The 380+ companies on the list are incredibly diverse… They are headquartered in 42 states (plus DC) and 221 congressional districts a...
Continue readingContrary to popular belief, most products imported under GSP are not finished consumer goods – they are raw materials, components, and other industrial goods used by American manufacturers for domestic production. Ferroalloys, which are used to produce steel, have seen the biggest increase in “imports under GSP” in the beginning o...
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