Been down on Capitol Hill for meetings this week on GSP renewal with Congressional staff and one issue keeps popping up: retroactive renewal (i.e., refunds for tariffs paid to date). The thinking is that any renewal will be limited in duration based on the funding available. However, the question remains: given a limited GSP extension,...
Continue readingAs promised last week, we updated the GSP Supporter List by CD to include secondary locations for signature companies. As a result, the GSP Supporter List now covers about 400 locations found in 230+ congressional districts. Even this updated version vastly understates the geographical “footprint” of the companies, since we did no...
Continue readingOver the weekend, we were tipped off to the website for Megabeadstore, which is based in Albany, California. The company imports component jewelry parts, and GSP waived tariffs of 5.0 percent to 13.5 percent. To date, Megabeadstore has absorbed the cost of the new tariffs in the hopes that Congress would act quickly to renew...
Continue reading