New 2016 State-by-State GSP Reports Released
Along with the launch of the new site, the Coalition for GSP released updated reports for on why GSP matters for all 50 states (available here). For each state, the reports highlight: total GSP imports, tariffs savings, and average tariffs waived on account of GSP in 2016; companies importing GSP-eligible products; top GSP imports by...
Continue readingGSP Company Profile: Burris Company in Greeley, Colorado
Burris Company designs, manufactures, and distributes rifle scopes, binoculars and related optics products, some of which it imports from the Philippines under GSP. It also is committed to increasing its U.S. manufacturing. Perhaps counter-intuitively to those that believe imports replace American manufacturing, higher U.S. tariffs resulting from G...
Continue readingBreakdown by State of the $59 Million in Tax Savings from GSP in January 2017
In January 2017, GSP saved American companies about $59 million in eliminated tariffs. Company savings in January exceeded $1 million for 17 states, led by California at $9.3 million. Nearly 80 percent of states saw higher GSP savings in January 2017 compared to one year earlier. The map below shows the overall GSP imports (in...
Continue readingGSP Saved American Companies $59 million in January 2017
In January 2017, the GSP program saved American companies $59 million on about $1.5 billion in imports. GSP imports were up by 5 percent – and tariffs savings up by 8 percent – compared to January 2016. In terms of GSP savings, it was the best start to a year since 2013. Some states, such...
Continue readingGSP Company Profile: WorldFinds
Today we’re launching a new series of GSP company profiles. They will highlight specific users of the program, the struggles they faced during the last GSP expiration, and the positive growth they have been able to achieve since Congress renewed the GSP program back in June 2015. (Profiles are based primarily on responses to our...
Continue readingState-By-State Breakdown of 2016 GSP Savings
In 2016, GSP saved American companies about $730 million in eliminated tariffs. Companies and workers in every state benefit, and GSP waived at least $1 million in tariffs on imports into 39 states plus Puerto Rico. The map below shows the overall GSP imports and savings by state for 2016.
Continue readingGSP Saved American Companies $62 million in December 2016
In December 2016, the GSP program saved American companies $62 million on about $1.6 billion in imports. GSP imports were up by 11 percent – and tariffs savings up by 14 percent – compared to December 2015. Overall, GSP saved U.S. companies $729 million in 2016, an increase of over 10 percent from 2015. Some...
Continue readingGSP Saved American Companies $729 Million in 2016
According to new data released this week, the Generalized System of Preferences (GSP) program saved American companies nearly $730 million on $18.7 billion in imports in 2016. That’s a savings increase of about 10 percent over 2015. The infographic below highlights some other key facts and figures about the GSP program for 2016. We’ll b...
Continue readingBreakdown by State of the $667 Million in 2016 Tax Savings from GSP Through November
In the first 11 months of 2016, GSP saved American companies about $667 million in eliminated tariffs. GSP has waived at least $1 million in tariffs on imports into 39 states so far in 2016. The map below shows the overall GSP imports and savings by state from January to November.
Continue readingGSP Saved American Companies $67 Million in November 2016
In November, the GSP program saved American companies $67 million on about $1.7 billion in imports. The value of GSP imports increased by about 16 percent, while the tariff savings increased by nearly 18 percent compared to November 2015. Overall, GSP saved U.S. companies $667 million in 2016 through November. GSP savings are up about...
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