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Category Archives: Tennessee
Importance of GSP Imports for American Jobs
The 2016 presidential elections have focused a lot on trade – and not in a good way. The remaining candidates on both sides of the aisle seem to be jockeying for the mantle of “Most Protectionist.” In current environment, it … Continue reading
Posted in GSP, Illinois, Imports Work, New Jersey, Small Business, Tennessee, Turkey, Washington
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GSP Renewal Allows Small Business to Hire 2 New Workers
Fab-Line Machinery, which has facilities in St. Charles, Illinois and Nashville, Tennessee, imports metal fabrication machinery from Turkey under GSP. The products, including hydraulic press breaks, hydraulic shears, and plasma cutting systems, are used by American manufacturers for domestic production. … Continue reading
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
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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
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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
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20 More Orgs Join GSP Supporter List
On Monday, we sent a letter signed by 234 American companies and associations urging renewal of GSP before July 31. Of course, as soon as the letter was finalized and sent, we started receiving emails from all sorts of new … Continue reading
Posted in Delaware, GSP, GSP Supporter List, Kentucky, Louisiana, Maryland, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Texas
Tagged Delaware, GSP supporter list, Kentucky, Louisiana, Maryland, New Jersey, New York, Ohio, Pennsylvania, smallbiz, Tennessee, Texas
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More Companies Call on Congress to Renew GSP
This morning, we added our newest company to the GSP Supporter List: Ferndale, Washington-based Kona Bicycle Company. Located in 1st Congressional District, the 27-employee company imports from Cambodia under GSP. Kona isn’t the only new company calling on Congress to … Continue reading
Posted in Brazil, Cambodia, Connecticut, Georgia, GSP, GSP Supporter List, Illinois, India, Indonesia, Minnesota, New Jersey, New York, North Carolina, Ohio, Tennessee, Virginia, Washington, West Virginia
Tagged brazil, Cambodia, Connecticut, CT-1, CT-3, GA-13, Georgia, GSP supporter list, IL-10, Illinois, India, Indonesia, Minnesota, MN-6, NC-11, New Jersey, New York, NJ-12, North Carolina, NY-20, NY-27, OH-9, Ohio, Tennessee, TN-1, VA-9, Virginia, WA-1, Washington, West Virginia, WV-3
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GSP and Tennessee: 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 Tennessee companies an … Continue reading
Posted in GSP, State Reports, Tennessee, Thailand
Tagged GSP, GSP supporter list, manganese dioxide, Tennessee, Thailand, TN
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Updated GSP Supporter List by CD
With its most recent update, our Supporter List now includes companies operating in 48 states and 292 congressional districts. You can download the list of GSP Supporters by district here. You can add your company name by emailing here. New … Continue reading
Posted in California, Georgia, Illinois, Indiana, Iowa, Michigan, New Jersey, New York, Oregon, Tennessee, Texas
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Senate Debates….GSP Supporter List Grows
The Senate is in its 3rd day of debate on amendments to the GSP/TAA bill. Senator Ron Wyden (D-OR) keeps saying that he hopes we’re “heading into the home stretch,” but it is unclear when final votes will take place. … Continue reading
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