GSP expiration costs hit $1.24 billion through February 2022

Written on April 6, 2022 in USA

Based on an analysis of new U.S. Census Bureau data, expiration of the Generalized System of Preferences (GSP) program has cost American companies at least $1.24 billion, including another $90 million in February 2022. Those figures are the absolute minimum: companies have paid well over $200 million in tariffs on potentially GSP-eligible tariffs t...

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GSP expiration costs hit $1.15 billion through January 2022

Written on March 9, 2022 in USA

Based on an analysis of new U.S. Census Bureau data, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $1.15 billion, including another $99 million in January 2022. Those figures are the absolute minimum: companies have paid over $200 million in tariffs on potentially GSP-eligible tariffs that didn&r...

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January 2022 GSP expiration survey

Written on January 28, 2022 in USA

As the House and Senate try to move ahead on a China competition package, including GSP renewal, we expect a lot of questions on constituent impacts of expiration (or possible changes). Please take a moment to answer the survey below to ensure we can provide the best possible information to them. More details is better...

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Clark Griswold would hate GSP expiration

Written on December 23, 2021 in USA

So should any Member of Congress or Administration official that wants supply chains to move out of China. We’re not talking about crazy cousins or wet carpets or squirrels in trees. We’re talking about Christmas lights, one of the thousands of products impacted by continued expiration of the Generalized System of Preferences (GSP) trad...

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Coalition for GSP Applauds Introduction of Bipartisan “CNL Update Act” by Reps. Stephanie Murphy and Jackie Walorski

Written on December 10, 2021 in USA

Washington (December 10, 2021)– The Coalition for GSP applauded the introduction of the “CNL Update Act,” bipartisan legislation to update the Generalized System of Preferences’ competitive need limitation (CNL) rules and provide additional guidance for the Administration as it conducts country- and product-specific reviews ...

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October 2021 would’ve been the highest month ever for GSP savings – if GSP wasn’t expired

Written on December 8, 2021 in Alabama

Based on an analysis of new U.S. Census Bureau data released yesterday, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $110 million in October 2021. Had congressional authorization for GSP not expired on December 31, 2020, it would’ve been the highest month of tariffs eliminated in the histo...

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