A few weeks back, we launched a new survey to see when companies would begin to start placing orders for 2018 delivery and how uncertainty was already impacting GSP users. (If you haven’t answered the survey yet, can you please take 60 seconds to do so here?) The responses to date clearly illustrate why Congress...
Continue readingFab-Line Machinery in Nashville supplies metalworking equipment (e.g., press brakes and shears) to American manufacturers. With average machine costs of nearly $150,000, GSP eliminates about $7,500 per machine imported by Fab-Line from Turkey. When GSP expired in 2013, Fab-Line was forced to raise prices to compensate for those new import taxes. Ul...
Continue readingThe potential GSP expiration is 7 months away, but companies are already in a very tough spot. 2018 pricing and sourcing decisions must be made now (or soon), but companies can’t know whether their imports will remain duty-free. Congress’ tendency to wait until the last minute to act, or retroactively after the fact, doesn’t help....
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