Royal Chain Group is a family-owned importer and distributor of fine jewelry. Based in New York City, it supplies jewelry to retailers throughout the United States. Royal Chain imports gold and silver jewelry from Indonesia, Thailand, and Turkey under GSP. While GSP was expired, Royal Chain paid more than $2 million in new tariffs. It...
Continue readingIn July 2017, the GSP program saved American companies $73 million on about $1.8 billion in imports. GSP imports were up by 18 percent – and tariffs savings were up by 23 percent – compared to July 2016. (NOTE: that likely understates savings, as U.S. government data show no claimed GSP benefits for imports of...
Continue readingSophia Foods is a family-owned specialty food distributor founded in 1991. It strives to bring specialty products from around the world to consumers at low prices. GSP is vital in allowing Sophia Foods to keep prices competitive. Sophia Foods was forced to lay off workers each of the last two times Congress allowed GSP to...
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