Last year we wrote about how roses were recently added to GSP – but expiration means more expensive roses for Valentine’s Day. Not surprisingly, imports of roses spike in January and February in preparation for the Valentine’s holiday. As Scott Lincicome tweeted: “Congress literally raised taxes on love. Happy valentine&rsqu...
Continue readingIn February 2017, the GSP program saved American companies $53 million on about $1.4 billion in imports. GSP imports were down by 3 percent – and tariffs savings down by 2 percent – compared to February 2016. (Though it should be noted that 2016 had one extra day because of the leap year.). Despite the...
Continue readingIn June, the GSP program saved American companies $61 million on about $1.5 billion in imports. GSP saved U.S. companies $353 million in the first half of 2016, more than any year since 2012. Overall, the value of GSP imports increased by 9 percent and the value of GSP tariff savings increased by 14 percent...
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