Category Archives: Missouri

GSP Saved American Companies $62 Million in March 2016

In March, the GSP program saved American companies nearly $62 million on about $1.6 billion in imports. The GSP program saved U.S. companies $170 million in the first three months of 2016. Overall, GSP tariff savings increased increased by 8 … Continue reading

Posted in Brazil, Iowa, Kazakhstan, Missouri, New Jersey, Ohio, South Africa, Turkey | Tagged , , , , , , , , , , | Leave a comment

GSP Renewal Saved American Companies $57 Million in November

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

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 Importers $58 Million in August 2014

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?

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

While Congress Delays, American Companies Pay

Last Friday, Politico had an article about the (really) do-nothing Congress. According to the article: “So far, this Congress has only enacted 49 laws, the fewest since at least 1947, when the Congressional Record began tallying legislative activity on a … Continue reading

Posted in California, Florida, GSP, Massachusetts, Missouri, Nevada | Leave a comment

7 New Organizations Call on Congress to Renew GSP

With Congress returning to DC and companies beginning to feel the sting of expiration, more and more American organizations are calling for immediate renewal of the GSP program.The map below shows the 20+ companies and associations – based in 16 … Continue reading

Posted in Arizona, California, Connecticut, Florida, Georgia, GSP, GSP Supporter List, Illinois, Maryland, Missouri, New Jersey, New York, North Carolina, Ohio, Rhode Island, South Carolina, Texas, Washington | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

GSP Renewal Makes for Strange Bedfellows

Two more companies joined our GSP Supporter List today and…they could not be more different.  One sells a wide range of products to customers like you and me.  The other supplies specialized packaging products like intermodal sea bulk container liners. One … Continue reading

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GSP and Missouri: 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 Missouri companies an … Continue reading

Posted in GSP, India, Missouri, State Reports | Tagged , , , , , | Leave a comment

2011 GSP Annual Review – Who Loses?

Over the weekend, the Administration announced the results of the 2011 GSP Annual Review.  You can read the Presidential Proclamation here or, if you’d prefer the non-legalese version, here’s a list from USTR that clearly states the decision for each … Continue reading

Posted in Brazil, California, GSP, Illinois, India, Indonesia, Maryland, Missouri, New York, Thailand, Turkey | Tagged , , , , , , | 1 Comment