A new survey this week asked how companies would respond in the first 3 months of 2018 if GSP expires after December 31. A few dozen companies already responded and the results are a bit surprising at first glance. (If you haven’t taken it yet, please take a moment to do so here.) Delaying planned...
Continue readingGSP is scheduled to expire on December 31, but Congress currently plans to adjourn by December 22. That means failure to renew GSP in the next 2 weeks likely results in an expiration that – if recent history is an example – could last years. As we continue advocating for GSP renewal, we want to...
Continue readingIn the first nine months of 2017, GSP saved American companies $619 million in eliminated tariffs. Year-to-date GSP savings through September exceeded $1 million for 39 states plus Puerto Rico. The map below shows the overall value of year-to-date 2017 GSP imports (in blue) and tax savings (in red) by state.
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