When it comes to GSP eligibility criteria, imposing higher tariffs without accomplishing any positive changes in GSP country policies is the absolute worst-case scenario. It is also the norm. Due to GSP country terminations of Turkey (May 2019) and India (June 2019) and partial suspensions of Thailand (April 2020, December 2020), American companies...
Continue readingAmerican companies paid at least $70 million in tariffs in January 2021 due to GSP expiration. The map below shows estimated tariffs for products claiming GSP paid by state. The products facing the most new tariffs vary greatly by state: In Florida, roses faced more than $1.8 million in new tariffs due to GSP expiration...
Continue readingWhile all focus right now is on the need for Congress to renew GSP before December 31, the harm done by Administrative actions to American companies since GSP was last renewed in 2018 cannot be overstated. Since the last Congressional GSP reauthorization, American companies have paid up to $500 million in extra tariffs due to...
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