GSP saved American companies $78 million in August, the most since March as imports continue to recover from the Covid-19 pandemic and recession. In the first 8 months of 2020, GSP saved American companies $551 million. GSP benefits companies in every state – the map below shows the overall value of January-August 2020 GSP imports...
Continue readingOn September 24, Senate Finance Committee Chairman Committee Chuck Grassley (R-IA) introduced S.4729, which would extend GSP’s authorization through April 30, 2022. Grassley refiled the bill on October 1 as S.4784, but it remains a 16-month extension without other changes. The Grassley legislation is a welcome first step in trying to renew GS...
Continue readingVtronix in Miami Gardens, Florida provides custom-designed, UL-approved control panels to small- and medium-sized American manufacturers of air conditioning and heating equipment. It has 5 employees and several contract warehouse workers in Florida. GSP eliminates $25,000 to $30,000 in tariffs annually on panels designed in the United States and ma...
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