NOTE: Updated in September 2020. Since May 2019, the United States has terminated GSP for India and Turkey, and partially suspended benefits for Thailand. Collectively, the decisions cost American companies up to $460 million between May 2019 and July 2020. We’re seeking updated info about lost GSP impacts to use while speaking with Congressi...
Continue readingThis week, India officially lost it GSP benefits. Combined with the Turkey GSP decision from mid-May, companies must now pay an extra $1 million a day in new taxes despite Congress’ explicit authorization to make those imports duty-free. This week, there also were two subpar jobs reports. BLS reported just 75,000 new nonfarm payroll jobs,...
Continue reading(WASHINGTON) – Coalition for GSP Executive Director Dan Anthony released the following statement this evening after President Trump signed the proclamation ending Generalized System of Preferences (GSP) eligibility for India. For detailed information on how this action will hurt U.S. businesses and workers visit HERE. &ld...
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