Category Archives: Washington

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 | Leave a comment

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

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 reinstatement … 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

GSP Renewal Leads to Immediate Hires at Kona Bicycle in Washington

What a difference GSP renewal can make for companies like Kona Bicycle in Ferndale, Washington. Nearly 30 years old, the independent company still has the same founding owners and a staff of active and impassioned cyclists. Kona describes itself as … Continue reading

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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 | Leave a comment

GSP Expiration – A Hard Lesson About Imports and Jobs

May is World Trade Month. For those intrepid trade souls who like to buck conventional wisdom and speak about the unspeakable – the benefits of imports – today also marks the start of the 4th annual “Imports Work for America” … Continue reading

Posted in Imports Work, Michigan, New Jersey, New York, Oregon, Small Business, Washington | Leave a comment