Throughout the week, we’ve written about how GSP supports American jobs, reduces costs for families (whether they know it or not), improves the competitiveness of American manufacturers, and promotes development. Sounds great, right? There’s just one problem: GSP is set to expire on July 31. Given all the positive impacts of GSP both at...
Continue readingSo far, we have focused on how the GSP program benefits the United States, whether we’re talking about American jobs, families, or manufacturing. But we need to remember the primary purpose of GSP: to provide developing countries with a way to sell their goods to U.S. buyers. So today we talk about the positive impact...
Continue readingYesterday, we showed some everyday household items (plates, picture frames….wine) that receive duty-free treatment under GSP and reduce costs for American families in the process. Yet while families often save money from GSP unknowingly, manufacturers incorporate GSP into their sourcing strategy to reduce costs and increase competitive...
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