In January 2017, the GSP program saved American companies $59 million on about $1.5 billion in imports. GSP imports were up by 5 percent – and tariffs savings up by 8 percent – compared to January 2016. In terms of GSP savings, it was the best start to a year since 2013. Some states, such...
Continue readingToday we’re launching a new series of GSP company profiles. They will highlight specific users of the program, the struggles they faced during the last GSP expiration, and the positive growth they have been able to achieve since Congress renewed the GSP program back in June 2015. (Profiles are based primarily on responses to our...
Continue readingIn 2016, GSP saved American companies about $730 million in eliminated tariffs. Companies and workers in every state benefit, and GSP waived at least $1 million in tariffs on imports into 39 states plus Puerto Rico. The map below shows the overall GSP imports and savings by state for 2016.
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