According to new research from the Coalition for GSP, the Generalized System of Preferences (GSP) program saved American companies $879 million in 2020. Total imports under GSP were nearly $17 billion. Overall GSP imports and savings were down from 2019 due to both country terminations and coronavirus impacts. GSP savings started growing again in l...
Continue readingCongress allowed the GSP program to expire on December 31. With tariff savings of nearly $3 million per day, GSP expiration likely has cost American companies over $70 million in new taxes. We recently spoke with Patrice Gerber, Founder/CEO of small business Kouboo LLC in Laguna Beach, California – one of those hurt by GSP...
Continue readingTR International (TRI) is a chemical distributor based in Seattle, Washington. It employs 20 workers at its Seattle headquarters and 10 more at locations throughout the United States. It supplies imported and domestic chemicals to American manufacturers of paints, coatings, industrial cleaners, personal care products, hand sanitizers, and disinfect...
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