According to new research from the Coalition for GSP, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $89 million in May 2021. Congressional authorization for GSP expired on December 31, 2020. In the first five months of expiration, American companies paid at least $397 million in extra taxes as...
Continue readingWe’ve heard from multiple companies over the last week about impacts to date from GSP expiration. Responses show not only the costs of delay for American jobs and workers – but how allowing GSP to expire undermines other U.S. trade policies/priorities. Here are some of the comments on: Worker impacts from a small business that...
Continue readingAccording to new research from the Coalition for GSP, expiration of the Generalized System of Preferences (GSP) program cost American companies nearly $70 million in January 2021. Congressional authorized for GSP expired on December 31, 2020. Failure to renew GSP is already costing American companies and workers. One California small business with ...
Continue reading