With Congress returning to DC and companies beginning to feel the sting of expiration, more and more American organizations are calling for immediate renewal of the GSP program.The map below shows the 20+ companies and associations – based in 16 states – have joined the supporter list since GSP expired, including the seven new additions...
Continue readingOne of our latest GSP expiration survey responses shows how the new tariffs harm not just American companies and consumers, but also the small producers in developing countries that GSP was originally designed to help. The submission came from Kelly Weinberger of WorldFinds in Westmont, IL. The company employs 8 people domestically and works with.....
Continue readingThe Generalized System of Preferences (GSP) program eliminates U.S. tariffs (i.e., taxes) on certain imports from developing countries. GSP imports in 2011 totaled $18.5 billion and the program saved American companies more than $700 million. GSP saved Illinois companies an estimated $37.9 million in 2011. Illinois companies imported an estimated $...
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