Category Archives: Wyoming

GSP Imports Help American Manufacturers Compete

Discussions about trade often present a false dichotomy: if exports are good and then imports must be bad. This oversimplified view lends itself to policy prescriptions that encourage exporters and discourage importers, yet the real world is much more complicated. … Continue reading

Posted in Alaska, Connecticut, Delaware, GSP, Imports Work, Indiana, Iowa, Louisiana, Michigan, Texas, West Virginia, Wyoming | 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

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

Which States’ Companies Are Paying Higher Taxes Because of GSP Expiration? All of Them.

As we posted the other day, GSP expiration cost American companies $55 million in new taxes in November 2014, bringing the total taxes paid from August 2013 to November 2014. With GSP expiration, it’s not the case that just a … Continue reading

Posted in Brazil, California, Florida, Georgia, GSP, Illinois, Maryland, New Jersey, New York, North Carolina, Ohio, South Dakota, Sri Lanka, Texas, Thailand, West Virginia, Wyoming | Leave a comment

GSP Expiration Cost Importers $58 Million in August 2014

Based on data released this week, continued GSP expiration cost American importers another $58 million in August 2014. For a number of states – Georgia, Kansas, Michigan, Missouri, New Hampshire, Wisconsin, and Wyoming – August 2014 was the most costly … Continue reading

Posted in California, Georgia, Kansas, Michigan, Missouri, New Hampshire, New Jersey, Texas, Wisconsin, Wyoming | Leave a comment

GSP Keeps American Producers Competitive

Many people think imports are bad because they take business away from U.S. producers. Yet the reality is that many goods imported into the United States are used by American companies to manufacture, grow, or otherwise “make stuff” in the … Continue reading

Posted in Alaska, Imports Work, Louisiana, Michigan, West Virginia, Wyoming | Leave a comment

GSP and Wyoming: 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 Wyoming companies an … Continue reading

Posted in GSP, South Africa, State Reports, Wyoming | Tagged , , , , , , | Leave a comment