According to new research from the Coalition for GSP, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $85 million in July 2021. Congressional authorization for GSP expired on December 31, 2020. From January-July 2021, American companies paid at least $565 million in extra taxes as a result of GSP.....
Continue readingAccording to new research from the Coalition for GSP, expiration of the Generalized System of Preferences (GSP) program cost American companies at least $83 million in May 2021. Congressional authorization for GSP expired on December 31, 2020. In the first six months of expiration, American companies paid at least $480 million in extra taxes as...
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...
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