The other day, we received an email from a bicycle manufacturer in Cambodia that has been hurt by GSP expiration. Typically, we focus only on the impacts to American companies here, but this is a story that should be told. As background, Cambodia is one of the poorest countries in the world with an average...
Continue readingFort Lee, New Jersey-based Empire Resources issued its quarterly report for the first half of 2011 yesterday. Empire Resources is a distributor of value-added, semi-finished aluminum and steel products and serves more than 200 customers in the transportation, automotive, housing, appliance, and packaging industries. Despite net sales increase...
Continue readingYesterday’s trade data showed that American companies paid an estimated $59.6 million in new taxes on $1.5 billion worth of previously GSP-eligible imports in June, bringing the total tariffs paid to $335 million in tariffs on $8.8 billion worth of imports in the first half of the year. Last week, we noted noted that Congress...
Continue reading