EVCO International is a small business in Manalapan, New Jersey that imports marble kitchenware and bath accessories from Indonesia and India and kettles from Thailand. When GSP expired and EVCO tried to raises prices, sales fell. Higher costs impacted both EVCO’s US sales and its exports from New Jersey to South America, Europe, Canada. As.....
Continue readingIn June, the GSP program saved American companies $61 million on about $1.5 billion in imports. GSP saved U.S. companies $353 million in the first half of 2016, more than any year since 2012. Overall, the value of GSP imports increased by 9 percent and the value of GSP tariff savings increased by 14 percent...
Continue readingIn May, the GSP program saved American companies $62 million on about $1.6 billion in imports. The GSP program saved U.S. companies $292 million in the first five months of 2016. Overall, the value of GSP imports and tariff savings both increased by more than 10 percent compared to May 2015. Some states, such as...
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