With Congress returning to DC and companies beginning to feel the sting of expiration, more and more American organizations are calling for immediate renewal of the GSP program.The map below shows the 20+ companies and associations – based in 16 states – have joined the supporter list since GSP expired, including the seven new additions...
Continue readingYesterday, the Washington Post published an article on GSP expiration, in which it asked the rhetorical question: “theoretically, the tariffs get refunded when the program is finally reauthorized, so no big deal, right?” This is a problem we always face. People assume that just because the money is typically refunded, retroactive renewa...
Continue readingThis morning, the Washington Post’s Wonkblog featured a post on the impacts of GSP expiration. The article highlights two very points. First, even if tariffs are refunded retroactively, expiration creates a serious financial burden for small businesses that cannot afford to pay higher taxes for an undetermined amount of time. Second, the unce...
Continue reading