Category Archives: South Carolina

GSP Saved American Companies $61 Million in June 2016

In June, the GSP program saved American companies $61 million on about $1.5 billion in imports. GSP saved U.S. companies $353 million in the first half of 2016, more than any year since 2012. Overall, the value of GSP imports … Continue reading

Posted in Bolivia, Brazil, Ecuador, Florida, Georgia, India, Kansas, New Jersey, South Carolina, Thailand, Ukraine | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

GSP Saved American Companies $60 Million in April 2016

In April, the GSP program saved American companies $60 million on about $1.6 billion in imports. The GSP program saved U.S. companies $230 million in the first four months of 2016. Overall, the value of GSP imports and tariff savings … Continue reading

Posted in Bolivia, Brazil, California, India, Nevada, New Hampshire, Philippines, South Carolina, Sri Lanka, Thailand, 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┬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

GSP Renewal Immediately Benefiting Companies in the Carolinas

GSP has only been back in effect for a week, but we’re already hearing positive things from companies about the impacts. Take Thompson Traders in Greensboro, North Carolina, which manufactures and sells hand-hammered copper sinks for kitchens and baths. GSP … Continue reading

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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

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

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

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

NRF Letter Urges GSP Renewal – Plus More Supporters!

On Friday, the National Retail Federation sent a letter to every Member of Congress urging support for immediate Congressional consideration and passage. The letter stated that GSP is “critical to American employers and families that this important trade program is … Continue reading

Posted in California, Delaware, Georgia, GSP, GSP Supporter List, South Carolina, Texas, Washington | Tagged , , , , , , , , , | Leave a comment

GSP and South Carolina: 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 South Carolina companies … Continue reading

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