If you’ve bought any holiday lights either this year or last – or you’re a Member of Congress or the Administration that wants supply chains to move out of China – then you should hate GSP expiration too. Fun, old-fashioned family Christmas lights have faced up to $65 million in extra tariffs due to GSP...
Continue readingThis morning we received an email from Halsted Corporation, one of the nearly 400 GSP supporter list organizations advocating for swift, retroactive GSP renewal. (Use these links to see the full list or add your organization.) Halsted has 30 employees and has paid $15,000 in extra tariffs since GSP expired a few weeks back. Nationally,...
Continue readingIn the first eight months of 2016, GSP saved American companies about $472 million in eliminated tariffs. Hawaii joined the list of states for which GSP eliminated at least $1 million in tariffs on imports, bringing the total to 38 states (plus Puerto Rico). The map below shows the overall GSP imports and savings by...
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