In February, the GSP program saved American companies more than $54 million on about $1.4 billion in imports. The GSP program saved U.S. companies $109 million in the first two months of 2016. Overall, GSP tariff savings increased increased by 31 percent compared to February 2015. The value of imports under GSP increased 30 percent....
Continue readingWe frequently note that each day of GSP expiration costs American importers nearly $2 million in additional taxes. We also highlight the diverse GSP importers that are on the supporter list. But we don’t know how many other GSP importers might be paying those taxes on any given day. So we decided to conduct an...
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...
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