The latest trade data on GSP also allowed us to update our tariff costs by state (that were cited in the House GSP debate last week). We’ll be using this to update all of our GSP State Reports, but in the meantime wanted to provide some of the highlights by state. Keep in mind, these...
Continue readingNew trade data released today shows just why last night’s vote in the House was so important: GSP expiration cost American companies another $58.3 million in July. For the first seven months of the year, those companies have paid $394 million in new taxes. Needless to say, that money could’ve been better spent hiring new...
Continue readingAs we noted yesterday, House Ways and Means Trade Subcommittee Chairman Kevin Brady (R-TX) cited the number of GSP Supporter List companies in Texas while speaking in favor of the GSP bill. After the vote, The Hill reported that: “[Ways and Means Committee Chairman Dave] Camp’s office circulated a letter today indicating that...
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