Costs to American companies from the Administration’s decision to terminate India’s GSP eligibility continue to grow. In July alone, US importers paid an estimated $30.4 million in new tariffs (previously) duty-free imports from India. Lost GSP is hurting companies like Warehouse Associates, which canceled plans to create new US manufac...
Continue readingA bipartisan group of 44 House members sent a letter to U.S. Trade Representative Robert Lighthizer today expressing their “strong desire to see GSP eligibility for India reinstated.” The United States terminated India’s eligibility under the Generalized System of Preferences (GSP) on June 5. The letter was led by Congressmen Jim ...
Continue readingGSP saved American companies $72 million in June, about $17 million less (-19%) from July 2018. It marked the second month in a row that year-over-year savings due to terminated GSP for India and Turkey. In the first seven months of 2019, GSP saved American companies $628 million. Lost GSP for India cost American companies...
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