23 Companies Join GSP Supporter List During Week of April 24
Last week 23 more companies signed up for the 2017 GSP Supporter List (see graphic below). The companies are headquartered in 12 states and 23 different congressional districts. Nearly all are small businesses with fewer than 100 employees. NOTE: Tariffs on GSP-eligible may increase on January 1. Show Congress that GSP renewal is important to...
Continue readingGSP Eliminated $256 Million on Imports of Industrial Materials (Used to Make Other U.S. Products) in 2016
Discussions about trade often present a false dichotomy: if exports are good and then imports must be bad. This oversimplified view lends itself to policy prescriptions that encourage exporters and discourage importers. Yet the real world is much more complicated as demonstrated by the types of products imported under GSP. The leading category of G...
Continue readingGSP Company Profile: M S International in Orange, California
M S International (MSI) is a leading distributor of flooring, countertop, wall tile and hardscaping products. Founded in 1975 by a husband and wife team, MSI got its big break in 1981 as the supplier of the black granite for the Vietnam Memorial in Washington, DC. Today, MSI has 20 locations across North America and...
Continue reading12 New Companies Join GSP Supporter List
This week 12 more companies signed up for the 2017 GSP Supporter List. The new companies are highlighted on the graphic below. *** Tariffs on GSP imports are scheduled to go up on January 1. By the time that feels “close,” it may be too late to make a difference in Congress. So if you...
Continue readingState-by-State Breakdown of $111 Million in GSP Savings Through February 2017
In the first 2 months of 2017, GSP saved American companies $111 million in eliminated tariffs. Connecticut, Iowa, Massachusetts, Washington, and Wisconsin joined the list of states that have saved at least $1 million so far in 2017 because of GSP. In total, GSP savings through February exceeded $1 million for 22 states. The map...
Continue readingGSP Company Profile: Xpres LLC in Winston-Salem, North Carolina
Xpres LLC is a manufacturing and decorating enterprise based in North Carolina. In business for more than 25 years, Xpres imports blank ceramic mugs from Thailand that are customized at its Winston-Salem headquarters. Without GSP, these ceramic mugs face import taxes of 10 percent, putting Xpres at a disadvantage to lower-cost mugs customized and i...
Continue reading15 More Organizations Join GSP Supporter List
This week 15 more organizations (1 association, 14 companies) signed up for the 2017 GSP Supporter List. The new organizations, which follow the 10 new companies from last week, are all listed below. *** Tariffs on GSP imports are scheduled to go up on January 1. By the time that feels “close,” it may be...
Continue readingGSP Saved American Companies $53 million in February 2017
In February 2017, the GSP program saved American companies $53 million on about $1.4 billion in imports. GSP imports were down by 3 percent – and tariffs savings down by 2 percent – compared to February 2016. (Though it should be noted that 2016 had one extra day because of the leap year.). Despite the...
Continue readingGSP Company Profile: PolySource in Independence, Missouri
PolySource is a value-added distributor of thermoplastic resins and compounds. Headquartered in Missouri, it also has warehouses in Colorado, Illinois, Minnesota, New Jersey, Ohio, Pennsylvania, and Texas. Its customers are primarily American manufacturers of global consumer goods (e.g., autos, aerospace products), though it also exports to Ca...
Continue reading10 New Small Businesses Join GSP Supporter List
The 2017 GSP Supporter List went live earlier this week, and already 10 new companies – listed below – have signed on. (If you import under GSP and don’t see your organization here, please take a moment to add it here.) The companies are based in 9 different states and all small businesses. In fact,...
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