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- Breakdown by State of the $600 Million in 2016 Tax Savings from GSP Through October
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- GSP Saved American Companies $59 Million in September 2016
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Category Archives: Illinois
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
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Breakdown by State of the $531 Million in 2016 Tax Savings from GSP Through September
In the first nine months of 2016, GSP saved American companies about $531 million in eliminated tariffs. GSP waived at least $1 million in tariffs on imports into 38 states, plus Puerto Rico. The map below shows the overall GSP … Continue reading
Posted in California, Florida, Georgia, Illinois, New Jersey, New York, Ohio, Texas
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A State-By-State Breakdown of the $472 Million in GSP Tariffs Savings Through August 2016
In the first eight months of 2016, GSP saved American companies about $472 million in eliminated tariffs. Hawaii joined the list of states for which GSP eliminated at least $1 million in tariffs on imports, bringing the total to 38 … Continue reading
Posted in California, Florida, Georgia, Hawaii, Illinois, New Jersey, New York, Texas
Tagged California, Florida, Georgia, GSP, Hawaii, Illinois, Imports Work, New Jersey, New York, tariffs, taxes, Texas
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Year-to-Date GSP Savings By State through July 2016
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 California, Florida, Georgia, GSP, gsp renewal, Hawaii, Illinois, New Hampshire, New Jersey, New York, tariffs, taxes, Texas
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GSP Importers Go Above and Beyond to Promote Global Development
While we generally focus on the benefits to U.S. companies of the GSP program, it is important to remember that sourcing from GSP countries has a positive impact on the lives of workers and their families in developing countries. Sometimes, … Continue reading
Posted in California, Connecticut, GSP, GSP Supporter List, Illinois, Imports Work
Tagged California, Connecticut, development, GSP, GSP supporter list, Illinois, Imports Work, India
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Importance of GSP Imports for American Jobs
The 2016 presidential elections have focused a lot on trade – and not in a good way. The remaining candidates on both sides of the aisle seem to be jockeying for the mantle of “Most Protectionist.” In current environment, it … Continue reading
Posted in GSP, Illinois, Imports Work, New Jersey, Small Business, Tennessee, Turkey, Washington
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GSP Saved American Companies $54 Million in January 2016
In January, the GSP program saved American companies more than $54 million on about $1.4 billion in imports. The GSP program has saved U.S. companies more than $5.6 billion since 2008. Overall, GSP tariff savings increased increased by 1.6 percent … Continue reading
Posted in Bolivia, Ghana, GSP, Illinois, India, Mississippi, Nevada, Pennsylvania, Philippines, Thailand
Tagged Bolivia, Ghana, GSP, Illinois, India, Mississippi, Nevada, Pennsylvania, Philippines, Thailand
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GSP Renewal Allows Small Business to Hire 2 New Workers
Fab-Line Machinery, which has facilities in St. Charles, Illinois and Nashville, Tennessee, imports metal fabrication machinery from Turkey under GSP. The products, including hydraulic press breaks, hydraulic shears, and plasma cutting systems, are used by American manufacturers for domestic production. … Continue reading
April 2015: The Most Expensive GSP Expiration Month Yet for 9 States
Based on data released this week, continued GSP expiration cost American importers another $60 million in April 2015. At nearly $2 million a day in higher taxes, GSP expiration’s estimated cost through today (June 5) is about $1.23 BILLION paid … Continue reading
Posted in Alabama, California, Colorado, Florida, Georgia, Illinois, Kansas, Michigan, Nebraska, New Mexico, North Dakota, Tennessee, Utah, Washington, Wisconsin
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GSP Survey Responses from Companies in Ways and Means Districts
The House Ways and Means Committee is currently holding a hearing on the trade agenda, so it seems appropriate to highlight survey responses from companies located in Ways and Means members’ districts. You can see previous survey responses here, here, … Continue reading
Posted in California, Illinois, India, Indonesia, Massachusetts, Nepal, Pakistan, Thailand, Turkey, Washington
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