How Much Does GSP Save Your State?

NEW SURVEY: Inflation and GSP

Written on June 13, 2022 in USA

Last week we wrote about two-way links between GSP and inflation. We believe global inflation may be raising the cost of GSP imports – leading to higher tariffs, more U.S. inflation, and a risk of permanent GSP loss due to “CNLs.” We want to hear from you. If you’re a GSP importer, can you please...

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GSP loss -> inflation; inflation -> GSP loss (and repeat)

Written on June 10, 2022 in USA

This morning, BLS reported U.S. inflation of 8.6% in May, the highest rate since 1981. It is not just a US issue – earlier this week the OECD doubled its 2022 inflation estimate for member countries from 4.5% to 9%. GSP expiration raises prices, which in turn contributes to higher US inflation. At the same...

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