We received this email the other day. Little commentary seems necessary, but it’s quite sad that people who have chosen to invest in themselves to provide a better life for their family are now being punished by GSP expiration: “[Our company] has suspended all imports of products that we expected to be duty free. Our...
Continue readingWe want to thank the U.S. Chamber of Commerce for its blog post yesterday: Hey Congress, Don’t Forget to Renew GSP, highlighting our website and many of the grassroots efforts (e.g., GSP Supporter List, email tools, etc.) undertaken over the last several months. The post ends with an important message: As Congress and the Administration...
Continue readingThe trade data released by the Department of Commerce this afternoon showed that American companies paid an estimated $55.3 million in new taxes on $1.4 billion worth of previously GSP-eligible imports in April. Through the first 4 months of the year, U.S. businesses paid $217.5 million in tariffs on $5.8 billion worth of imports. If...
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