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GSP expiration hurting California company that moved 1,500 jobs from China to the Philippines

Written on August 12, 2021 in California

New data show that imports from China increased 62x more than GSP imports in the first half of 2021. Triad Magnetics in Perris, California helps explain the trend: GSP expiration has already cost the company $200,000 in extra tariffs, leading to reduced orders from the Philippines and increased orders from China. Triad Magnetics manufactures transf...

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