Launching the (free) 2017 GSP Supporter List
It’s time to launch the free 2017 GSP Supporter List! The previous iteration grew to more than 700 companies and associations located throughout the country and was unquestionably one of the GSP Coalition’s most effective advocacy tools. There simply is no better way to demonstrate the importance of GSP to Members of Congress than to...
Continue readingBreakdown by State of the $600 Million in 2016 Tax Savings from GSP Through October
In the first 10 months of 2016, GSP saved American companies about $600 million in eliminated tariffs. GSP waived at least $1 million in tariffs on imports into 39 states – West Virginia joined the list in October! – plus Puerto Rico. The map below shows the overall GSP imports and savings by state from...
Continue readingGSP Saved American Companies $64 Million in October 2016
In October, the GSP program saved American companies $64 million on about $1.6 billion in imports. The value of GSP imports increased by about 4 percent, while the tariff savings increased by nearly 9 percent compared to October 2015. Overall, GSP saved U.S. companies $600 million in the first 10 months of 2016. GSP savings...
Continue readingHappy New Year! (aka 364 Days Until GSP Expires)
2017 is officially here! Unfortunately, that means American companies will face millions of dollars per day in new taxes in unless Congress passes – and the new President signs – legislation extending the GSP program in the next 364 days. GSP renewal faces special challenges as an “import-only” program. The experience in 201...
Continue readingBreakdown by State of the $531 Million in 2016 Tax Savings from GSP Through September
In the first nine months of 2016, GSP saved American companies about $531 million in eliminated tariffs. GSP waived at least $1 million in tariffs on imports into 38 states, plus Puerto Rico. The map below shows the overall GSP imports and savings by state from January to September. Companies in California continued to lead...
Continue readingGSP Saved American Companies $59 Million in September 2016
In September, the GSP program saved American companies $59 million on about $1.5 billion in imports. While the value of GSP imports decreased by about 5 percent, the tariff savings only decreased by 0.3 percent compared to September 2015. Overall, GSP saved U.S. companies $531 million in the first nine months of 2016. GSP savings...
Continue readingA State-By-State Breakdown of the $472 Million in GSP Tariffs Savings Through August 2016
In the first eight months of 2016, GSP saved American companies about $472 million in eliminated tariffs. Hawaii joined the list of states for which GSP eliminated at least $1 million in tariffs on imports, bringing the total to 38 states (plus Puerto Rico). The map below shows the overall GSP imports and savings by...
Continue readingGSP Saved American Companies $62 Million in August 2016
In August, the GSP program saved American companies $62 million on about $1.6 billion in imports. The value of GSP imports increased by about 5 percent, while tariff savings increased by about 11 percent compared to August 2015. Overall, GSP saved U.S. companies $472 million in the first eight months of 2016. GSP savings in...
Continue readingYear-to-Date GSP Savings By State through July 2016
In the first seven months of 2016, GSP saved American companies about $410 million in eliminated tariffs. New Hampshire joined the list of states for which GSP eliminated at least $1 million in tariffs on imports, bringing the total to 37 states (plus Puerto Rico), and Hawaii is knocking on the door with an estimated...
Continue readingGSP Saved American Companies $58 Million in July 2016
In July, the GSP program saved American companies $58 million on about $1.5 billion in imports. GSP saved U.S. companies $410 million in the first seven months of 2016. In the one year since renewal, GSP saved American companies about $700 million. Some states, such as Connecticut and New York, saw particularly large increases in...
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