On Monday, President Donald J. Trump declared July 16-22 to be “Made in America” week and held an event at the White House highlighting American-made products. Yet such events often overlook the benefits of imports, including programs such as GSP, in creating those American-made products. Take BTR International, a small business in New ...
Continue readingPolySource is a value-added distributor of thermoplastic resins and compounds. Headquartered in Missouri, it also has warehouses in Colorado, Illinois, Minnesota, New Jersey, Ohio, Pennsylvania, and Texas. Its customers are primarily American manufacturers of global consumer goods (e.g., autos, aerospace products), though it also exports to Ca...
Continue readingIn February, the GSP program saved American companies more than $54 million on about $1.4 billion in imports. The GSP program saved U.S. companies $109 million in the first two months of 2016. Overall, GSP tariff savings increased increased by 31 percent compared to February 2015. The value of imports under GSP increased 30 percent....
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