Category Archives: Michigan

GSP Imports Help American Manufacturers Compete

Posted on May 11, 2016 by Dan Anthony

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 Renewal Saved American Companies $57 Million in November

Posted on January 13, 2016 by Dan Anthony

GSP renewal appears to be having a very positive impact on American companies – and their sourcing from GSP countries. Based on data released last week, American importers saved $57 million in November 2015 as a result of the program’s reinstatement … Continue reading →

Posted in Alabama, Arkansas, Colorado, Kansas, Michigan, Mississippi, Missouri, New Hampshire, New York, Ohio, South Carolina, Utah, Washington, Wisconsin, Wyoming | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

April 2015: The Most Expensive GSP Expiration Month Yet for 9 States

Posted on June 5, 2015 by Dan Anthony

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 | Leave a comment

American Manufacturers Face Higher Costs Because of Continued GSP Expiration

Posted on May 15, 2015 by Dan Anthony

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 – A Hard Lesson About Imports and Jobs

Posted on May 11, 2015 by Dan Anthony

May is World Trade Month. For those intrepid trade souls who like to buck conventional wisdom and speak about the unspeakable – the benefits of imports – today also marks the start of the 4th annual “Imports Work for America” … Continue reading →

Posted in Imports Work, Michigan, New Jersey, New York, Oregon, Small Business, Washington | Leave a comment

GSP Expiration Cost Importers $58 Million in August 2014

Posted on October 9, 2014 by Dan Anthony

Based on data released this week, continued GSP expiration cost American importers another $58 million in August 2014. For a number of states – Georgia, Kansas, Michigan, Missouri, New Hampshire, Wisconsin, and Wyoming – August 2014 was the most costly … Continue reading →

Posted in California, Georgia, Kansas, Michigan, Missouri, New Hampshire, New Jersey, Texas, Wisconsin, Wyoming | Leave a comment

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

Posted on July 22, 2014 by Dan Anthony

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 →

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GSP As A Tool For Economic Development

Posted on May 8, 2014 by Dan Anthony

While American companies have come to rely on the Generalized System of Preferences (GSP) program to lower costs for key imports, the original intent was to promote economic growth in developing countries around the world. Instead of traditional means to … Continue reading →

Posted in Imports Work, India, Indonesia, Michigan, Philippines, Texas, Thailand | Leave a comment

GSP Keeps American Producers Competitive

Posted on May 7, 2014 by Dan Anthony

Many people think imports are bad because they take business away from U.S. producers. Yet the reality is that many goods imported into the United States are used by American companies to manufacture, grow, or otherwise “make stuff” in the … Continue reading →

Posted in Alaska, Imports Work, Louisiana, Michigan, West Virginia, Wyoming | Leave a comment

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

Posted on December 10, 2013 by Dan Anthony

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