Monthly Archives: January 2017

Breakdown by State of the $600 Million in 2016 Tax Savings from GSP Through October

In the first 10 months of 2016, GSP saved American companies about $600 million in eliminated tariffs. GSP waived at least $1 million in tariffs on imports into 39 states – West Virginia joined the list in October! – plus … Continue reading

Posted in California, Florida, Georgia, Illinois, New Jersey, New York, Ohio, Texas | Leave a comment

GSP Saved American Companies $64 Million in October 2016

In October, the GSP program saved American companies $64 million on about $1.6 billion in imports. The value of GSP imports increased by about 4 percent, while the tariff savings increased by nearly 9 percent compared to October 2015. Overall, … Continue reading

Posted in Armenia, Florida, Georgia, GSP, India, Indonesia, Louisiana, New Mexico, South Africa, Thailand | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Happy New Year! (aka 364 Days Until GSP Expires)

2017 is officially here! Unfortunately, that means American companies will face millions of dollars per day in new taxes in unless Congress passes – and the new President signs – legislation extending the GSP program in the next 364 days. … Continue reading

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