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 readingCongress has recessed until after Labor Day and Members will be spending the next month in their home states and districts. Here are some of the companies that have created more – and better – jobs since Congress last renewed GSP: WorldFinds in Westmont, Illinois: After paying $55,000 in extra taxes during expiration, GSP renewal...
Continue readingIn the first quarter of 2017, GSP saved American companies $173 million in eliminated tariffs. Year-to-date savings crossed the $1 million threshold for 6 states, including Alabama, Arizona, Louisiana, Minnesota, Missouri, and Nevada. In total, GSP savings through March exceeded $1 million for 28 states plus Puerto Rico. The map below shows the ove...
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