If the Trump administration wants supply chains to leave China, it should restore GSP for India (and support GSP renewal)
Yesterday at a virtual conference hosted by the U.S.-India Business Council, U.S. Secretary of State Mike Pompeo said India may be poised to lure American supply chains away from China because it “has earned the trust of many nations, including the United States.” Mr. Secretary, please call your colleagues at the Office of the U.S....
Continue readingHow handbags show the links between GSP expiration, French digital service taxes, China, and “negotiating leverage”
The United States recently announced it would impose 25% tariffs on $1.3 billion in imports from France, including handbags, effective January 6, 2021. The tariffs are in response to planned French digital services tax (DST) that largely affect American technology companies. Presumably, the U.S. announced the product list – with delayed imple...
Continue readingUPDATE: 250 American organizations urge Ways and Means and Finance Leaders to Renew GSP
On July 1, the Coalition for GSP submitted an updated version of its letter urging swift GSP renewal. This new version with 250 signers was submitted for the Ways and Means and Finance Committee hearing record. You can read about the original letter here. If there is sufficient interest, we could issue another update at...
Continue reading222 companies and associations urge Congressional trade leaders to renew GSP
On June 16, over 220 U.S. companies and association sent a letter to the Chairmen and Ranking Members of the House Ways and Means and Senate Finance Committees urging swift renewal Generalized System of Preferences (GSP) program. The current GSP authorization expires on December 31, 2020. The 201 companies that signed, primarily small businesses, a...
Continue reading2019 GSP highlights by sector
In 2019, GSP saved American companies $1.035 billion in eliminated tariffs, including $24 million on Covid-related products. The graphic below highlights the variety of products imported under GSP last year. In a major shift from 2018, consumer goods were the largest category of GSP imports by both value ($6.6 billion) and savings ($512 million). C...
Continue readingGSP eliminated over $24 million in tariffs in 2019 on products directly related to Covid-19 response
GSP eliminated over $24 million in tariffs in 2019 on products directly related to Covid-19 response. Congress should renew GSP immediately to ensure continued GSP duty-free treatment for these critical products and provide certainty for American companies that are already struggling due to the coronavirus pandemic. GSP’s current authorizatio...
Continue readingGSP saved American companies $1.035 billion in 2019
According to new research from the Coalition for GSP, the Generalized System of Preferences (GSP) program saved American companies $1.035 billion in 2019. Total imports under GSP were nearly $21 billion. While imports under GSP were down from 2018, savings were about the same, as the average tariff waived jumped to 5.0% in 2019 from...
Continue readingAssociations ask President Trump to delay Thailand GSP suspension as part of COVID-19 response
A group of 17 national trade associations sent a letter to President Donald J. Trump today asking for a delay to the suspension of Generalized System of Preferences (GSP) benefits for certain products from Thailand. The new tariffs, set to take effect on April 25, would add tens of millions of dollars in new costs...
Continue readingNEW REPORT: Impacts of COVID-19 on Users of the Generalized System of Preferences (GSP) Program
In response to the unprecedented COVID-19 pandemic and economic response, the Coalition for GSP launched a survey of company users to determine how their businesses have been affected to date, and how they may be impacted in the future. The report illustrates the severe negative impacts of the pandemic of GSP users, who are primarily...
Continue readingNEW SURVEY: COVID-19 impacts on GSP importers
In recent weeks, Congressional offices and the Administration have asked the GSP Coalition how COVID-19 is impacting companies. Please take a moment to answer survey below so we can answer such questions. It should take less than a minute to answer the yes/no/not yet questions that will help us provide a sense scale to issues...
Continue reading