More GSP Survey Responses: “revenue dropped by more than half a million dollars and several employees had to be let go”
GSP-eligible acrylics in action at the underwater Ithaa restaurant in the Maldives Below are some new responses to our GSP reauthorization survey from companies in Colorado, Maryland, and Texas (to go along with responses highlighted yesterday and the day before). With the Senate Finance and House Ways and Means Committees both expecting to ho...
Continue readingNew GSP Survey Responses: “A refund of tariffs would be just the shot in the arm we need”
Yesterday we highlighted some of the early responses to our latest latest survey. With lots of trade action expected in Congress during the upcoming week, we need as many survey response ASAP. So no one thinks we’re only interested in responses from companies willing to go on-the-record, here are several more incredibly detailed and helpful.....
Continue readingGSP Reauthorization Survey: Preliminary Answers
With a new GSP bill introduced on Thursday, we launched a new survey yesterday to help show why swift passage of the GSP renewal legislation is critical for US businesses. We expect a number of trade hearings the week of April 20, so please answer the survey ASAP if you’re impacted by GSP expiration (and...
Continue readingNEW SURVEY: Potential GSP Reauthorization Impacts
Yesterday bipartisan legislation to renew GSP was introduced in both the House and Senate. As noted, if approved the legislation would: reauthorize GSP through December 31, 2017 refund tariffs paid on most GSP-eligible imports (imports from Russia and Bangladesh would be precluded from refunds) The GSP provisions are part of a “preferences pa...
Continue readingSenate, House Trade Leaders Introduce Bill to Renew GSP
This afternoon, Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) joined with House Ways and Means Chairman Paul Ryan (R-WI) and Ranking Member Sander Levin (D-MI) in introducing legislation to renew GSP and other preference programs. The legislation would reauthorize GSP through December 31, 2017 and provide ...
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Weekend In Sankt Petersburg
Saint Petersburg (Russian: Санкт-Петерб́ург Sankt-Peterburg;) is a world-class destination and Russia’s second largest city, with a population of more than 5 million perched at the eastern tip of of the Baltic Sea and the Neva River. The city was formerly...
Continue readingGSP Expiration Cost Importers Another $41 Million in February 2015
Based on data released last week, continued GSP expiration cost American importers another $41 million in February 2015. Despite a significant drop from typical monthly levels (likely on account of the West Coast Port slowdown), it was the most expensive month yet for companies in Iowa in terms of tariffs paid because of GSP expiration....
Continue readingUS Chamber: “GSP must not be left behind”
In a blog post earlier today, John Murphy of the U.S. Chamber of Commerce highlighted the need for Congress to renew GSP swiftly as it considers the broader trade agenda. Murphy wrote: As Washington debates a bill to renew Trade Promotion Authority (TPA), several other pieces of pending trade legislation also are calling out for...
Continue readingWhat Could They Have Accomplished if GSP Had Been Renewed?
One of our Coalition members has been racking up accolades recently: 2013 INC 5000 member 2013 state “manufacturer of the year” nominee 2014 INC 5000 member (albeit a much lower rank) 2014 county chamber “small business of the year” winner 2015 state “manufacturer of the year” nominee Everything sounds great, rig...
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