Bryan Riley of the National Taxpayers Union recently wrote about how “tariffs impose a hidden tax on families and increase the price of many goods students may need as they return to the classroom.” NTU created the infographic below to show just how high average tariffs on many everyday products were in 2020. While GSP...
Continue readingIn the first half of 2021, imports from China increased by $47 billion, while combined imports under GSP from 80+ countries rose by just $760 million. Imports from China aren’t just growing more, they’re growing at a much faster rate too. Those should be sobering facts for all the Members of Congress and the Administration...
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...
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