Category Archives: Virginia

GSP Saved American Companies $54 Million in February 2016

In February, the GSP program saved American companies more than $54 million on about $1.4 billion in imports. The GSP program saved U.S. companies $109 million in the first two months of 2016. Overall, GSP tariff savings increased increased by … Continue reading

Posted in Brazil, India, Indonesia, New York, Pennsylvania, Thailand, Uruguay, Virginia, Washington, Zimbabwe | Tagged , , , , , , , , , , , , , , , , | Leave a comment

House, Senate Hearings on Trade, Part 2

Over the last few weeks, the Senate Finance and House Ways and Means Committees held hearings on trade. The Coalition asked companies to send a few sentences that we could include in our submissions for the record. Several dozen responded, … Continue reading

Posted in Florida, New York, Oregon, Virginia | 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

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 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

GSP and Virginia: 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 Virginia companies an … Continue reading

Posted in GSP, India, State Reports, Virginia | Tagged , , , , , | Leave a comment

Company Lays Off Workers…Worst May Be Yet to Come

The fifth installment in a our “American Faces of GSP Expiration” series.  This Tennessee-based company, with additional manufacturing facilities in New York, Virginia, and West Virginia, has already laid off 5 workers because of GSP expiration.  If GSP is not … Continue reading

Posted in Indonesia, New York, Tennessee, The American Faces of GSP Expiration, Virginia, West Virginia | 1 Comment