Monthly Archives: March 2015

Breakdown of Tariffs Paid Because of GSP Expiration by State, August 2013-January 2015

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Dear GSP importer, the bank regrets to inform you…

“After careful consideration Sun National Bank has decided not to renew the above referenced $600,000 line of credit.” That one sentence, from a bank letter (right) forwarded by a GSP importer, immediately raises concerns about the future viability of the … Continue reading

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GSP Expiration Cost Another $54 Million in January 2015

Based on data released last week, continued GSP expiration cost American importers another $54 million in January 2015. For both Arizona and West Virginia, it was the most costly month to date in terms of tariffs paid to date. The … Continue reading

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Snowball Effects of GSP Expiration

It’s a snowy day in Washington. The Federal Government is closed. The House and Senate both agreed to wrap up work early and flee DC before the snow hit (the House won’t return until March 16). So it seems appropriate … Continue reading

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New 2014 State-by-State GSP Reports Released

Today, the Coalition for GSP released updated reports for on why GSP matters for all 50 states. For each state, the reports highlight: total GSP imports and tariffs paid on account of GSP expiration in 2014; companies importing GSP-eligible products; … Continue reading

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