In June 2017, the GSP program saved American companies $71 million on about $1.8 billion in imports. June marked the first time that monthly GSP savings exceeded $70 million in consecutive months since September-October 2008. (GSP saved American companies $72 million May). GSP imports were up by 15 percent – and tariffs savings were up...
Continue readingThis week 15 more organizations (1 association, 14 companies) signed up for the 2017 GSP Supporter List. The new organizations, which follow the 10 new companies from last week, are all listed below. *** Tariffs on GSP imports are scheduled to go up on January 1. By the time that feels “close,” it may be...
Continue readingYesterday, the National Association of Manufacturers (NAM) wrote about the negative impact of GSP expiration on…not surprisingly…manufacturers. At the most basic level, because of GSP expiration “many manufacturers’ costs are higher and their competitiveness undermined.” This of course is a point we’ve made a n...
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