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- GSP Saved American Companies $59 Million in September 2016
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Category Archives: Turkey
GSP Saved American Companies $59 Million in September 2016
In September, the GSP program saved American companies $59 million on about $1.5 billion in imports. While the value of GSP imports decreased by about 5 percent, the tariff savings only decreased by 0.3 percent compared to September 2015. Overall, … Continue reading
Posted in Brazil, California, Delaware, GSP, Hawaii, India, Nepal, Philippines, Texas, Thailand, Turkey
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GSP Saved American Companies $58 Million in July 2016
In July, the GSP program saved American companies $58 million on about $1.5 billion in imports. GSP saved U.S. companies $410 million in the first seven months of 2016. In the one year since renewal, GSP saved American companies about … Continue reading
Posted in Bolivia, Connecticut, GSP, India, New Jersey, New York, Pakistan, South Africa, Thailand, Turkey
Tagged aluminum, auto parts, Bolivia, Connecticut, ferroalloys, flanges, Florida, flowers, India, jewelry, lamps, New Jersey, New York, Pakistan, PET resin, South Africa, Thailand, Turkey
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GSP Saved American Companies $62 Million in May 2016
In May, the GSP program saved American companies $62 million on about $1.6 billion in imports. The GSP program saved U.S. companies $292 million in the first five months of 2016. Overall, the value of GSP imports and tariff savings … Continue reading
Posted in Arkansas, California, Cambodia, Rhode Island, South Africa, Sri Lanka, Thailand, Turkey
Tagged Arkansas, auto parts, California, Cambodia, jewelry, Rhode Island, South Africa, Sri Lanka, Thailand, Turkey
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GSP Saved American Companies $60 Million in April 2016
In April, the GSP program saved American companies $60 million on about $1.6 billion in imports. The GSP program saved U.S. companies $230 million in the first four months of 2016. Overall, the value of GSP imports and tariff savings … Continue reading
Posted in Bolivia, Brazil, California, India, Nevada, New Hampshire, Philippines, South Carolina, Sri Lanka, Thailand, Turkey
Tagged #renewgsp, Bolivia, brazil, CA, California, GSP, India, Nevada, New Hampshire, Philippines, South Carolina, Sri Lanka, sugar, Thailand, tungsten ores, Turkey
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GSP Saved American Companies $62 Million in March 2016
In March, the GSP program saved American companies nearly $62 million on about $1.6 billion in imports. The GSP program saved U.S. companies $170 million in the first three months of 2016. Overall, GSP tariff savings increased increased by 8 … Continue reading
Posted in Brazil, Iowa, Kazakhstan, Missouri, New Jersey, Ohio, South Africa, Turkey
Tagged brazil, ferrochromium, India, Iowa, Kazakhstan, Missouri, New Jersey, Ohio, olive oil, South Africa, Turkey
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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 Saved American Companies $663 Million in 2015
In 2015, the Generalized System of Preferences (GSP) program saved American companies more than $660 million on $17.4 billion in imports. The infographic below highlights some other key facts and figures about the GSP program for 2015.
Posted in Brazil, California, Cambodia, Colorado, Florida, GSP, Idaho, India, Indonesia, Kenya, Lebanon, Moldova, Montana, Nepal, New Jersey, New York, Philippines, Rhode Island, Texas, Thailand, Turkey, Utah
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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
With Program Renewed, Here Are the Products that May Lose Benefits on October 1 in the GSP Annual Review
With the President signing the GSP renewal legislation into law in late June, all parts of the GSP program will restart – including the Annual Review process. The legislation included a provision extending the deadline for the 2014 Annual Review … Continue reading
Posted in Indonesia, Thailand, Turkey
Tagged GSP, GSP Annual Review, gsp renewal, GSP Review, Indonesia, Thailand, Turkey
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GSP Survey Responses from Companies in Ways and Means Districts
The House Ways and Means Committee is currently holding a hearing on the trade agenda, so it seems appropriate to highlight survey responses from companies located in Ways and Means members’ districts. You can see previous survey responses here, here, … Continue reading
Posted in California, Illinois, India, Indonesia, Massachusetts, Nepal, Pakistan, Thailand, Turkey, Washington
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