7 New Companies Calling on Congress to Renew GSP
Over the last few days, we’ve added 7 new companies to the GSP Supporter List. That means there are now 583 companies and associations publicly asking Congress to pass GSP renewal legislation. Three of the seven come from congressional districts that did not have GSP supporter list companies previously: California’s 22nd District, New Y...
Continue readingGSP Expiration Cost $57 Million in May 2014
According to new data released this week, GSP expiration cost another $57 million in May 2014. With a daily cost of $1.84 million, American companies have paid $631 million because Congress has yet to renew GSP. The map below shows the breakdown of GSP imports and tariffs paid as a result of expiration by state...
Continue readingTariff Tuesday, Part 2
It’s Tuesday, have you contacted your Senators and Representatives about the need to renew GSP yet? If not, now is a good time to use those links to do so. Remember to add as many details about your GSP use (what you import, how much you’ve paid because of expiration, etc.) as possible. We were...
Continue readingGSP Tariff Tuesdays: Contacts Needed
As of today, GSP has been expired for a full 11 months. With a cost of more than $1.8 million per day, importers have paid an estimated $614 million in higher taxes because of Congress’ failure to renew GSP. It gets worse: after August 1, Congress has just 3 legislative weeks until mid November. That makes...
Continue readingWho Else Might Want Congress to Renew GSP?
The other day, we wrote about the characteristics of the 572 companies and associations on the GSP supporter list. Yesterday, we added #573: Delta Brands in Larchmont, NY, which imports household cleaning, health, and beauty products from Turkey and India under GSP. We’ve added 13 companies to the supporter list in June, 12 of which...
Continue readingWho Wants Congress to Renew GSP?
Today we added the 572nd organization to the GSP supporter list. The number 572 doesn’t have any special significance (although it is one of these), but we thought it was a good time to highlight those calling on Congress to renew GSP. You may notice that many of these sentences are well under 140 characters....
Continue readingGSP Expiration Cost American Companies $61 Million in April
Everyone likes to start the weekend on a positive note, right!?!? So we’re sorry to report that new data released this week showed that American companies paid another $61 million in unnecessary taxes in April because Congress still has not renewed the Generalized System of Preferences (GSP) program. More than a quarter of those taxes...
Continue readingAmbassadors from Ukraine, Moldova, and Georgia Urge Congress to Renew GSP
On May 22, the Ambassadors from Ukraine, Moldova, and Georgia sent a letter to the Chairmen and Ranking Members of the Senate Finance and House Ways and Means Committees. The Ambassadors expressed GSP’s importance “to strengthening our countries’ relationship with the United States both from economic and security viewpoints.&rdquo...
Continue readingGE Locomotives: American Exports Made More Competitive by GSP Imports
“After a long winter, the Port of Erie is, once again, a busy place.” That was the start to a great report from WICU12 News in Erie, Pennsylvania earlier this week about GE locomotive exports to Africa. In short, Port operations have picked up as GE Transportation ships the first 10 of 40 locomotives purchased...
Continue readingWSJ Op-Ed on Myths About Imports
Recently, the Coalition joined to with a number of leading trade associations to promote “Imports Work for America” week. May is World Trade Month and – as GSP users know better than most – there is more to trade than just exports. Yet in President Obama’s recent “World Trade Week” proclamation, there was n...
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