Category Archives: Kentucky

GSP Expiration Cost American Companies Another $55 Million in November 2014

Based on data released last week, continued GSP expiration cost American importers another $55 million in November 2014. For New Mexico, November 2014 was the most costly month yet in terms of unnecessary taxes paid because of GSP expiration, driven … Continue reading

Posted in California, Cambodia, GSP, Kentucky, Montana, New Jersey, New Mexico, New York, Philippines, Rhode Island, Texas, Turkey, Utah | Leave a comment

One Day of GSP Expiration – Who Paid the Price on July 17?

We frequently note that each day of GSP expiration costs American importers nearly $2 million in additional taxes. We also highlight the diverse GSP importers that are on the supporter list. But we don’t know how many other GSP importers … Continue reading

Posted in Brazil, California, Cambodia, Colorado, Connecticut, Ecuador, Florida, Georgia, Illinois, India, Indiana, Indonesia, Iowa, Kentucky, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Jersey, New York, North Carolina, Ohio, Oregon, Pakistan, Philippines, South Carolina, Sri Lanka, Tennessee, Texas, Thailand, Turkey, Uruguay, Virginia, Washington | Leave a comment

Costs of GSP Expiration by State: August-November 2013

As we noted last Friday, GSP expiration cost another $54 million in November. In total, expiration increased import taxes by more than $228 million from August to November, raising prices for companies in every state. Just how much varies greatly … Continue reading

Posted in California, GSP, Idaho, Kentucky, New Jersey, Oregon, Rhode Island, Texas, Utah | Leave a comment

Companies in 18 States Paid $1+ Million in October Because of GSP Expiration

As we noted yesterday, GSP expiration cost American companies $62 million in October. California companies paid an estimated $9.1 million, but more than a third of states faced an extra million dollars in import taxes because GSP remained expired. Taxes … Continue reading

Posted in California, Connecticut, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia | 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

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 Kentucky: 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 Kentucky companies an … Continue reading

Posted in GSP, Kentucky, Philippines, State Reports | Tagged , , , , , | Leave a comment