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 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 readingEvery day this week we’ve been spotlighting 3 companies around the country benefiting from GSP renewal. (Here are the posts from Monday, Tuesday, and Wednesday). Below are three more companies able to new and better American jobs because of GSP renewal: Thompson Traders in Greensboro, North Carolina: GSP expiration cost Thompson Traders...
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