Category Archives: Delaware

GSP Saved American Companies $59 Million in September 2016

In September, the GSP program saved American companies $59 million on about $1.5 billion in imports. While the value of GSP imports decreased by about 5 percent, the tariff savings only decreased by 0.3 percent compared to September 2015. Overall, … Continue reading

Posted in Brazil, California, Delaware, GSP, Hawaii, India, Nepal, Philippines, Texas, Thailand, Turkey | Leave a comment

GSP Imports Help American Manufacturers Compete

Discussions about trade often present a false dichotomy: if exports are good and then imports must be bad. This oversimplified view lends itself to policy prescriptions that encourage exporters and discourage importers, yet the real world is much more complicated. … Continue reading

Posted in Alaska, Connecticut, Delaware, GSP, Imports Work, Indiana, Iowa, Louisiana, Michigan, Texas, West Virginia, Wyoming | Leave a comment

GSP and the April 26 Primary States

Today is yet another big day in the 2016 presidential primaries as voters head to the polls in Connecticut, Delaware, Maryland, Pennsylvania, and Rhode Island. With all of the anti-trade rhetoric in the campaign, it is important to recognize how … Continue reading

Posted in Connecticut, Delaware, Maryland, Pennsylvania, Rhode Island | Leave a comment

American Manufacturers Face Higher Costs Because of Continued GSP Expiration

Like the jobs debate, many people assume that if exports are goods for US manufacturers, imports must be bad. When it comes to GSP, nothing could further from the truth. Raw materials, components, and parts have accounted for more than … Continue reading

Posted in Alaska, Delaware, Imports Work, Indiana, Iowa, Louisiana, Michigan, Missouri, Nebraska, North Carolina, Ohio, South Carolina, Texas, Vermont, West Virginia, Wyoming | Leave a comment

GSP Expiration Cost American Companies $48 Million in February

According to new data released last week, American companies “claimed” GSP for about $1.45 billion worth of imported products in February. Typically, those products would not face import tariffs because of GSP, whereas those same products imported from a non-GSP … Continue reading

Posted in California, Delaware, Hawaii, Rhode Island | Leave a comment

Another Valentine’s Day Without GSP

When February 14 rolls around every year, very few people think about expired trade programs. But perhaps they should. In particular, Members of Congress should take a moment to realize how allowing programs like GSP to remain expired can increase … Continue reading

Posted in California, Connecticut, Delaware, Florida, Illinois, Iowa, Maryland, New York, Texas, Wisconsin | Leave a comment

Top States Impacted by the First Two Months of GSP Expiration

As noted yesterday, GSP expiration cost American companies more than $56 million in September alone, and more than $110 million through the first two months. Not surprisingly, big states pay the most, but companies in all states are stuck paying … Continue reading

Posted in California, Delaware, Florida, Georgia, GSP, Illinois, India, Kentucky, New Jersey, New York, North Carolina, North Dakota, Ohio, Rhode Island, Texas, Vermont, West Virginia | Leave a comment

NRF Letter Urges GSP Renewal – Plus More Supporters!

On Friday, the National Retail Federation sent a letter to every Member of Congress urging support for immediate Congressional consideration and passage. The letter stated that GSP is “critical to American employers and families that this important trade program is … Continue reading

Posted in California, Delaware, Georgia, GSP, GSP Supporter List, South Carolina, Texas, Washington | Tagged , , , , , , , , , | Leave a comment

20 More Orgs Join GSP Supporter List

On Monday, we sent a letter signed by 234 American companies and associations urging renewal of GSP before July 31. Of course, as soon as the letter was finalized and sent, we started receiving emails from all sorts of new … Continue reading

Posted in Delaware, GSP, GSP Supporter List, Kentucky, Louisiana, Maryland, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Texas | Tagged , , , , , , , , , , , | Leave a comment

GSP and Delaware: Fast Facts

The Generalized System of Preferences (GSP) program eliminates U.S. tariffs (i.e., taxes) on certain imports from developing countries. GSP imports in 2011 totaled $18.5 billion and the program saved American companies more than $700 million. GSP saved Delaware companies an … Continue reading

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