In the last month before GSP expired on December 31, it saved American companies $79 million on about $1.8 billion in imports. GSP imports were up by 17 percent – and tariffs savings were up by 29 percent – compared to December 2016. Total 2017 savings from GSP increased at least $136 million over 2016....
Continue readingIn the first 6 months of 2017, GSP saved American companies $399 million in eliminated tariffs. Year-to-date savings crossed the $1 million threshold for two states: Rhode Island and Kansas. In total, GSP savings through June exceeded $1 million for 37 states plus Puerto Rico. The map below shows the overall value of year-to-date 2017...
Continue readingIn June, the GSP program saved American companies $61 million on about $1.5 billion in imports. GSP saved U.S. companies $353 million in the first half of 2016, more than any year since 2012. Overall, the value of GSP imports increased by 9 percent and the value of GSP tariff savings increased by 14 percent...
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