In the first half of 2021, imports from China increased by $47 billion, while combined imports under GSP from 80+ countries rose by just $760 million. Imports from China aren’t just growing more, they’re growing at a much faster rate too. Those should be sobering facts for all the Members of Congress and the Administration...
Continue readingIf there is one area of bipartisan consensus in 2021 in Congress and the Administration, it is “getting tough on China.” Letting GSP expire does the opposite. Take it from a company that has paid $140,000 in tariffs in 2021 due to GSP expiration: “I have had to switch suppliers, as I can no longer...
Continue readingThe Coalition for GSP is launching a new survey of American imports on the costs to date, both in tariffs paid and actions taken, due to the current GSP expiration. GSP has been expired for nearly 7 months. Based on $400 million in extra tariffs paid through May, by now (July 21) the tariff costs...
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