On March 4, the Office of the U.S. Trade Representative announced its intent to terminate GSP for India and Turkey. According to the release: “India’s termination from GSP follows its failure to provide the United States with assurances that it will provide equitable and reasonable access to its markets in numerous sectors. Turkey&rsquo...
Continue readingWe recently posted that GSP savings shattered previous records in October and that growth was strongest for products where the Trump administration has imposed new 10-25% tariffs on imports from China. One very clear example: Christmas lights, whose imports from China became subject to a 10% tariff on September 24. For September/October, GSP import...
Continue readingGSP savings shattered previous records in October. Growth was strongest for products where the Trump administration has imposed new 10-25% tariffs on imports from China. Was this a coincidence or the start of a long-term trend of companies shifting sourcing out of China and into GSP-eligible countries? We want to hear from you! The information...
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