Category Archives: Ohio

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 | Leave a comment

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 | Leave a comment

GSP Saved American Companies $62 Million in August 2016

In August, the GSP program saved American companies $62 million on about $1.6 billion in imports. The value of GSP imports increased by about 5 percent, while tariff savings increased by about 11 percent compared to August 2015. Overall, GSP … Continue reading

Posted in Brazil, California, Colorado, GSP, India, Indonesia, North Carolina, Ohio, Philippines, Thailand | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

The Importance of Renewing GSP

All week we’ve been discussing the importance of GSP for American jobs, families, manufacturing, and global development as part of the 5th Annual Imports Work week. These benefits generally are recognized – when Congress last renewed GSP there were big … Continue reading

Posted in Imports Work, Ohio, Utah | 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┬áreinstatement … 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

$1.31 Billion in Automatic GSP Refunds – Broken Down by State

Based on newly available July 2015 trade data, American companies paid about $1.3 billion in higher import taxes while GSP was expired between August 2013 to July 2015. With the retroactive GSP renewal, nearly all of that will be refunded … Continue reading

Posted in California, GSP, New Jersey, North Carolina, Ohio, Texas, Washington | Tagged , , , , , , , , , , , , , | Leave a comment