ferrochromium – Renew GSP Today https://renewgsptoday.com A resource from the Coalition for GSP Tue, 04 Apr 2017 19:53:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://renewgsptoday.com/wp-content/uploads/2017/04/cropped-CoalitionForGSP-Logo-ICO-32x32.png ferrochromium – Renew GSP Today https://renewgsptoday.com 32 32 GSP Saved American Companies $62 million in December 2016 https://renewgsptoday.com/2017/02/22/gsp-saved-american-companies-62-million-in-december-2016/ Wed, 22 Feb 2017 16:16:35 +0000 http://renewgsp.wpengine.com/?p=7820 In December 2016, the GSP program saved American companies $62 million on about $1.6 billion in imports. GSP imports were up by 11 percent – and tariffs savings up by 14 percent – compared to December 2015. Overall, GSP saved U.S. companies $729 million in 2016, an increase of over 10 percent from 2015.

Some states, such as Alabama and Ohio, saw particularly large increases in GSP imports and savings compared to December 2015, as shown in the graphic below.

GSP saved Alabama companies $451,000 in December, up $147,000 (48 percent) compared to one year earlier. Silicone from South Africa, PET resin from Brazil, and tungsten ores from Bolivia were among the products contributing most to Alabama’s GSP increases.

GSP saved Ohio companies $2.7 million in December, up $459,000 (21 percent) compared to one year earlier. Ferrochromium from Turkey, machining centers from Brazil, and pesticides from India contributed most to Ohio’s GSP increases.

In addition to Alabama and Ohio, companies in 18 other states saw GSP savings increase by at least 20 percent, including: Alaska, Arkansas, Connecticut, Delaware, Indiana, Iowa, Kansas, Louisiana, Maine, Mississippi, New Hampshire, New Mexico, New York, North Dakota, Oregon, Pennsylvania, Rhode Island, and Texas.

Savings on GSP imports from Egypt increased by 11 percent compared to one year earlier. New York’s purchases of olive oil were among the top GSP imports from Egypt. GSP eliminated nearly $900,000 in import taxes on mangoes and guavas in December, with California accounting for more than a quarter of those savings.

REMINDER: GSP EXPIRES AT THE END OF 2017. Click here to learn about ways to take action and support GSP renewal this year.

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GSP Saved American Companies $64 Million in October 2016 https://renewgsptoday.com/2017/01/06/gsp-saved-american-companies-64-million-in-october-2016/ Fri, 06 Jan 2017 14:21:14 +0000 http://renewgsp.wpengine.com/?p=7374 In October, the GSP program saved American companies $64 million on about $1.6 billion in imports. The value of GSP imports increased by about 4 percent, while the tariff savings increased by nearly 9 percent compared to October 2015.

Overall, GSP saved U.S. companies $600 million in the first 10 months of 2016. GSP savings in 2016 are up about $49 million, or 9 percent, compared to the first 10 months of 2015.

Some states, such as Louisiana and New Mexico, saw particularly large increases in GSP imports and savings compared to October 2015, as shown in the graphic below.

gsp_oct2016_snapshot

In Louisiana, GSP imports more than doubled and savings increased by about 59 percent compared to one year earlier. Valves and parts from India, copper cathodes from the Democratic Republic of the Congo, and ferrochromium (typically used to produce stainless steel) from South Africa contributed the most to Louisiana’s GSP increases.

In New Mexico, GSP imports increased by 80 percent and savings from GSP by 144 percent compared to one year earlier. Aluminum products and electric motors from India along with rubber gloves from Thailand and Indonesia contributed most to New Mexico’s GSP increases.

Savings on GSP imports from Armenia increased more than 50 percent to $137,000. GSP eliminated about $223,000 in import taxes on glass construction products (e.g, pavers and blocks) in October, with nearly all of those imports going to Florida.

REMINDER FOR ALL GSP PROGRAM USERS: GSP EXPIRES AT THE END OF 2017. Please click that link to learn about how to get involved in the Coalition for GSP’s renewal activities this year.

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GSP Saved American Companies $62 Million in March 2016 https://renewgsptoday.com/2016/05/19/gsp-saved-american-companies-62-million-in-march-2016/ Thu, 19 May 2016 18:00:53 +0000 http://renewgsp.wpengine.com/?p=7033 In March, the GSP program saved American companies nearly $62 million on about $1.6 billion in imports. The GSP program saved U.S. companies $170 million in the first three months of 2016.

Overall, GSP tariff savings increased increased by 8 percent compared to March 2015. The value of imports under GSP increased 6 percent. Some states, such as Iowa and Missouri, saw ever bigger increases in GSP imports and savings compared to March 2015, as shown in the graphic below.

GSP_Mar2016_Snapshot

 

 

In Iowa, GSP imports increased by 152 percent and savings from GSP by 304 percent compared to one year earlier. Chemicals from India and gelatin from Brazil contributed most to Iowa’s GSP increases. In Missouri, GSP imports increased by 48 percent and savings from GSP by 17 percent compared to one year earlier. Engines from South Africa, auto parts from Turkey, and chemicals from India contributed most to Missouri’s GSP increases.

Imports from Kazakhstan jumped by 238 percent, led by increased imports of ferrochromium by companies in Ohio. GSP eliminated about $108,000 in import taxes on olive oil and nearly half of those imports went to New Jersey.

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GSP Saved American Companies $54 Million in February 2016 https://renewgsptoday.com/2016/04/12/gsp-saved-american-companies-54-million-in-february-2016/ Tue, 12 Apr 2016 14:54:31 +0000 http://renewgsp.wpengine.com/?p=6780 In February, the GSP program saved American companies more than $54 million on about $1.4 billion in imports. The GSP program saved U.S. companies $109 million in the first two months of 2016.

Overall, GSP tariff savings increased increased by 31 percent compared to February 2015. The value of imports under GSP increased 30 percent. These sharp increases reflect abnormally low imports in February 2015 on account of the the West Coast port strikes.

Some states, including those not affected by the 2015 strikes such as Pennsylvania and Virginia, saw ever bigger increases in GSP imports and savings compared to February 2015, as shown in the graphic below.

GSP_Feb2016_Snapshot

In Pennsylvania, GSP imports increased by 52 percent and savings from GSP by 63 percent compared to one year earlier. Primary form plastics and pencils/crayons from Brazil, ferrochromium (a raw material for steel manufacturing) from Zimbabwe, and candy confections from Thailand contributed most to Pennsylvania’s GSP increases.

In Virginia, GSP imports increased by 39 percent and savings from GSP by 52 percent compared to one year earlier. Ceramic tableware and kitchenware from Indonesia, steering wheels and columns from India, and iron oxides from Brazil contributed most to Virginia’s GSP increases.

Imports from Uruguay jumped by 102 percent, led by increased imports of plywood by companies in Washington. GSP eliminated more than $580,000 in import taxes on silver jewelry. More than 40 percent of those imports went to New York.

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