A New (More Expensive) Day

On December 31, 2010, the Generalized System of Preferences (GSP) program expired.  For the first time in more than 8 years, US companies that imported eligible products from GSP countries had to pay tariffs on every shipment that entered the United States.

American companies will continue to pay these new costs – approximately $2 million per day – until Congress passes legislation renewing the GSP program.

Until that happens, this blog will highlight companies, products, and developing countries that have benefited from GSP – and that are negatively impacted by its expiration.

This entry was posted in Background. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s