According to new research from the Coalition for GSP, the Generalized System of Preferences (GSP) program saved American companies $1.035 billion in 2019. Total imports under GSP were nearly $21 billion. While imports under GSP were down from 2018, savings were about the same, as the average tariff waived jumped to 5.0% in 2019 from...
Continue readingA group of 17 national trade associations sent a letter to President Donald J. Trump today asking for a delay to the suspension of Generalized System of Preferences (GSP) benefits for certain products from Thailand. The new tariffs, set to take effect on April 25, would add tens of millions of dollars in new costs...
Continue readingIn response to the unprecedented COVID-19 pandemic and economic response, the Coalition for GSP launched a survey of company users to determine how their businesses have been affected to date, and how they may be impacted in the future. The report illustrates the severe negative impacts of the pandemic of GSP users, who are primarily...
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