Monthly Archives: September 2016

Year-to-Date GSP Savings By State through July 2016

Posted on September 28, 2016 by Dan Anthony

In the first seven months of 2016, GSP saved American companies about $410 million in eliminated tariffs. New Hampshire joined the list of states for which GSP eliminated at least $1 million in tariffs on imports, bringing the total to … Continue reading →

Posted in California, Florida, Georgia, Hawaii, Illinois, New Hampshire, New Jersey, New York, Texas | Tagged , , , , , , , , , , , , | Leave a comment

GSP Saved American Companies $58 Million in July 2016

Posted on September 23, 2016 by Dan Anthony

In July, the GSP program saved American companies $58 million on about $1.5 billion in imports. GSP saved U.S. companies $410 million in the first seven months of 2016. In the one year since renewal, GSP saved American companies about … Continue reading →

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Small Business Paid $250,000 in INTEREST on Bank Loans to Stay Afloat During GSP Expiration

Posted on September 20, 2016 by Dan Anthony

Last week, we profiled two companies (Summit Specialty International in Georgia and Sophia Foods in New York) that have bounced bounced strongly since Congress renewed GSP. Despite difficulties faced during the GSP lapse, both have more workers – and provide … Continue reading →

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It isn’t 1810

Posted on September 14, 2016 by Dan Anthony

“It is an extremely arbitrary and outdated tariff. Our politicians need to realize we operate in a global economy now; it isn’t 1810.” That comment was provided by Alex Livingston, President of Summit Specialty International in Alpharetta, Georgia, in response … Continue reading →

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GSP Renewal Allows New York Small Business to Refill Positions Lost During Expiration – and Then Some

Posted on September 13, 2016 by Dan Anthony

Last week, we received a response to our new GSP renewal impacts survey from Candace Abitbul from Sophia Foods in Brooklyn, New York. Candace and her husband Danny, who own the small business together, have repeatedly shared their GSP story … Continue reading →

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New Jersey Small Business Explains Impacts of GSP Expiration, Renewal

Posted on September 9, 2016 by Dan Anthony

EVCO International is a small business in Manalapan, New Jersey that imports marble kitchenware and bath accessories from Indonesia and India and kettles from Thailand. When GSP expired and EVCO tried to raises prices, sales fell. Higher costs impacted both … Continue reading →

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GSP Renewal Survey (Preliminary Results): 55% of Respondents Incorporate GSP Imports into Exports

Posted on September 6, 2016 by Dan Anthony

On Friday, we published the first preliminary finding from our new GSP renewal survey: that nearly 1 in 4 companies was still waiting for refunds after one year. Today, we want to highlight the responses to another question that had … Continue reading →

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GSP Renewal Survey (Preliminary Results): 23% of Companies STILL Waiting for Refunds

Posted on September 1, 2016 by Dan Anthony

A few weeks back, we launched a survey on the impacts of GSP renewal after 1 year. (If you haven’t answered it already, please take a moment to do so now.) While many of the questions (or variations of them) … Continue reading →

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