Category Archives: Vermont

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

More than 400 American Organizations Calling on Congress to Renew GSP

Six more companies added their names to the GSP Supporter List since yesterday, bringing the total to 404 American companies and associations calling for the immediate, retroactive renewal of the GSP program. The 380+ companies on the list are incredibly … Continue reading

Posted in Bangladesh, Brazil, Cambodia, Ecuador, Georgia, GSP, GSP Supporter List, India, Indonesia, Kazakhstan, Nepal, New Hampshire, Pakistan, Paraguay, Philippines, Russia, South Africa, Sri Lanka, Thailand, Tunisia, Turkey, Uruguay, Vermont | Leave a comment

Top States Impacted by the First Two Months of GSP Expiration

As noted yesterday, GSP expiration cost American companies more than $56 million in September alone, and more than $110 million through the first two months. Not surprisingly, big states pay the most, but companies in all states are stuck paying … Continue reading

Posted in California, Delaware, Florida, Georgia, GSP, Illinois, India, Kentucky, New Jersey, New York, North Carolina, North Dakota, Ohio, Rhode Island, Texas, Vermont, West Virginia | Leave a comment

GSP and Vermont: 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 Vermont companies an … Continue reading

Posted in GSP, Russia, State Reports, Vermont | Tagged , , , , , | Leave a comment