GSP provides clear benefits to American families by eliminating taxes on a variety of food products and home goods. In 2012, GSP eliminated nearly $280 million in import taxes on those products alone. But instead of talking about how GSP reduces prices for the American families in the abstract, we thought we’d show you some...
Continue readingThe GSP trade program was created in the 1970s to promote development in poor countries through “trade, not aid.” Over the years, GSP has had a positive impact on jobs where some might not expect it: here in the United States. How is that so? American companies use the GSP program to import a wide...
Continue readingWhich states benefit from duty-free imports under GSP? According to our latest research, all of them! It’s no surprise that big states like California and Texas saved tens of millions of dollars annually because of GSP, but it’s important for companies in little smaller states too. Companies in Rhode Island – the great...
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