In August, the GSP program saved American companies $62 million on about $1.6 billion in imports. The value of GSP imports increased by about 5 percent, while tariff savings increased by about 11 percent compared to August 2015. Overall, GSP saved U.S. companies $472 million in the first eight months of 2016. GSP savings in...
Continue readingEarlier today we received a call from a small chemical supplier with questions about potential GSP expiration. They were concerned that shipments (currently) scheduled to arrive at the end of July might be delayed a few days into early August – and therefore subject to tariffs if Congress doesn’t act before July 31. While fretting...
Continue readingEarlier today, we had two more meetings with staff for House Members that serve on the Ways and Means Committee: Reps. James Renacci (OH-16) and Pat Tiberi (OH-12). These were meetings #20 and #21 since the beginning of last week, and we have more coming up. Some of you might wonder, what do you do...
Continue reading