GSP Creating Jobs in Colorado, Illinois, and Missouri
Congress has recessed until after Labor Day and Members will be spending the next month in their home states and districts. Here are some of the companies that have created more – and better – jobs since Congress last renewed GSP: WorldFinds in Westmont, Illinois: After paying $55,000 in extra taxes during expiration, GSP renewal...
Continue readingGSP Company Profile: Leila’s Linens in New York, New York
Founded in 2000, Leila’s Linens offers a wide arrange of home décor products sold under brand names including Leila’s Home Living, Shifra Zadeh, and RLK. Its products also are sold under many private store brands. Leila’s Linens uses GSP benefits on imports from India, Indonesia, and the Philippines to keep costs low and pa...
Continue readingGSP Coalition Submits Comments on Trade Agreements “Performance Review”
On Monday, the Coalition for GSP submitted formal comments for the “Administration’s Reviews and Report to the President on Trade Agreement Violations and Abuses,” which is being led by the Office of the U.S. Trade Representative (USTR) and the Department of Commerce. The review stems from an Executive Order (EO) in April that &nd...
Continue readingGSP Saved American Companies $72 Million in May 2017
In May 2017, the GSP program saved American companies $72 million on about $1.8 billion in imports. GSP imports were up by 14 percent – and tariffs savings were up by 16 percent – compared to May 2016. Some states such as New Hampshire and New Mexico saw much larger increases in GSP imports and...
Continue readingGSP Company Profile: Summit Specialty in Alpharetta, Georgia
Summit Specialty is a small business in Alpharetta, Georgia that supplies interior pine doors for the U.S. residential housing market. GSP eliminates the 4.8 percent import tax on the 1 3/8″ doors that Summit sources from Brazil and helps reduce costs for new single-family homes built throughout the United States. New tariffs from GSP expirat...
Continue readingHow GSP Promotes “Made in America” Trucks
On Monday, President Donald J. Trump declared July 16-22 to be “Made in America” week and held an event at the White House highlighting American-made products. Yet such events often overlook the benefits of imports, including programs such as GSP, in creating those American-made products. Take BTR International, a small business in New ...
Continue readingGSP Company Profile: Matr Boomie in Austin, Texas
Austin-based Matr Boomie was founded in 2006 with the mission of creating opportunities for women and minorities to realize their creative, economic, and leadership potential. Since then it has grown to empower 20,000 artisans in 40 partner communities throughout India and its products are sold at more than 1,500 retailers in North America, Europe,...
Continue readingState-by-State Breakdown of $328 Million in GSP Savings Through May 2017
In the first 5 months of 2017, GSP saved American companies $328 million in eliminated tariffs. Year-to-date savings crossed the $1 million threshold for 3 states: Oklahoma, Utah, and Arkansas. In total, GSP savings through May exceeded $1 million for 35 states plus Puerto Rico. The map below shows the overall value of year-to-date 2017...
Continue readingUSTR Announces Major Expansion of GSP Program
On June 29, the Office of the U.S. Trade Representative (USTR) announced the results of the 2016/2017 GSP Annual Review. Despite much uncertainty from importers about the new Administration’s position on GSP, the review resulted in one of the largest program expansions in history. In the most significant act, USTR extended duty-free benefits ...
Continue readingGSP Company Profile: Primetac in Little Ferry, New Jersey
Primetac is a family-owned business supplying high quality tapes, films, and industrial packaging throughout North America. Primetac passes the savings from GSP-eligible imports on to companies across the United States while supporting jobs in four states. When GSP expire in 2013, Primetac was forced to raise prices to compensate for those new impo...
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