According to new research from the Coalition for GSP, the Generalized System of Preferences (GSP) program saved American companies $879 million in 2020. Total imports under GSP were nearly $17 billion. Overall GSP imports and savings were down from 2019 due to both country terminations and coronavirus impacts. GSP savings started growing again in l...
Continue readingHiblow is a distributor of linear diaphragm pumps based in Saline, Michigan. It employs 6 workers, including a new warehouse manager position created in 2020. Hiblow sells pumps imported under GSP to three major markets: medical pumps to U.S. medical device manufacturers (therapy devices, hospital beds, incubators); pumps for onsite wastewater trea...
Continue readingEvidence continues to grow that the nearly year-long trade war is pushing companies to source more from GSP countries such as India, Thailand, Cambodia, Indonesia, and Turkey. The May 10 increase in tariffs on $200 billion in imports from China – and announcement that new tariffs on the remaining $300 billion in imports could come...
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