Category Archives: New Mexico

GSP Saved American Companies $64 Million in October 2016

In October, the GSP program saved American companies $64 million on about $1.6 billion in imports. The value of GSP imports increased by about 4 percent, while the tariff savings increased by nearly 9 percent compared to October 2015. Overall, … Continue reading

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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 | Leave a comment

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

GSP and New Mexico: 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 New Mexico companies … Continue reading

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“Real Risk of Having to Lay Off 1 or 2 Employees in the Near Future”

The newest in “The American Faces of GSP Expiration” series.  This small, New Mexico-based designer and manufacturer of custom door hardware may have to lay off employees because of increased GSP tariffs. We’re looking for more companies to be profiled … Continue reading

Posted in GSP, India, New Mexico, The American Faces of GSP Expiration | Leave a comment

KY, MO Biotech Firms Take Advantage of GSP Benefits for Yeast

I tried to come up with a funny title (e.g., “Congress should at yeast pass a short-term GSP extension) but nothing jumped out at me, so we went with the simple statement of fact:  American companies conducting cutting-edge research into … Continue reading

Posted in Argentina, Brazil, GSP, Kentucky, Missouri, New Mexico, South Dakota, Wisconsin | Leave a comment