Category: Thailand

Miami, Florida small business: with Covid “our sales are down 20% and renewing GSP would be be a great benefit for us”

Written on September 29, 2020 in Florida

Vtronix in Miami Gardens, Florida provides custom-designed, UL-approved control panels to small- and medium-sized American manufacturers of air conditioning and heating equipment. It has 5 employees and several contract warehouse workers in Florida. GSP eliminates $25,000 to $30,000 in tariffs annually on panels designed in the United States and ma...

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Cloth masks face the most new tariffs due to lost GSP for Thailand, but who needs those? (Or, how punitive tariffs punish the US)

Written on September 9, 2020 in Thailand

In late April, the United States suspended duty-free treatment for about 1/3 of Thailand’s imports under GSP. Lost GSP for Thailand cost importers up to $17 million in extra taxes from May to July; another burden for American GSP importers hurt by the Covid-19 pandemic and recession. New data suggests cloth face masks are the...

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