118th Congress: GSP expiration survey

Written on January 24, 2023 in USA

The 118th Congress is off to a slow start, after the 117th Congress was the first to let GSP remain lapsed in its entirety in the program’s nearly 50-year history. Not only is this the longest expiration in GSP’s history, the tariff costs associated with expiration will soon be at least twice as high as...

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Clark Griswold hates GSP expiration

Written on December 9, 2022 in USA

If you’ve bought any holiday lights either this year or last – or you’re a Member of Congress or the Administration that wants supply chains to move out of China – then you should hate GSP expiration too. Fun, old-fashioned family Christmas lights have faced up to $65 million in extra tariffs due to GSP...

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GSP users deserve treats, not more tricks, this Halloween

Written on October 31, 2022 in USA

It has been exactly 22 months since Congress let GSP expire. American companies paid at least $1.9 billion in direct tariffs – and as much $2.4 billion – through August 2022. Tack on the two extra months for which data aren’t available yet, and Congress’ failure to renew GSP resulted in up to $2.6 billion...

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GSP expiration makes high “Back to School” tariffs even worse

Written on August 29, 2022 in USA

On Friday, the National Taxpayers Union published data showing how Back To School Season Highlights High Cost of Import Taxes, including the great graphic below. Sadly, even those high tariffs are understated because they don’t account for the impacts of GSP expiration. NTU’s selected products faced at least $120 million in extra tariff...

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NEW SURVEY: GSP expiration costs

Written on July 29, 2022 in USA

Key pieces of the China competition bill passed Congress this week, but without GSP renewal (or any of the other trade provisions). While GSP importers must plan for months more of GSP expiration, the Coalition is considering a number of potential next steps (e.g., new legislative requests, importer sign-on letter, September fly-in to lobby for...

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