This morning we received an email from Halsted Corporation, one of the nearly 400 GSP supporter list organizations advocating for swift, retroactive GSP renewal. (Use these links to see the full list or add your organization.) Halsted has 30 employees and has paid $15,000 in extra tariffs since GSP expired a few weeks back. Nationally,...
Continue readingGSP expired on December 31. While renewal has bipartisan support in Congress and backing from the Administration, it doesn’t guarantee swift renewal: that was true during GSP’s last year expiration too. Already, companies have paid an estimated $50-$60 million and will pay several million more every day until Congress renews GSP and the...
Continue readingIn the first 11 months of 2017, GSP saved American companies $785 million in eliminated taxes. That is about $118 million, or nearly $11 million per month, more than the first 11 months of 2016. Savings for July-October also don’t reflect program changes adding benefits for travel goods that could add another $5-10 million per...
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