Category Archives: GSP

GSP Saved American Companies $64 Million in October 2016

In October, the GSP program saved American companies $64 million on about $1.6 billion in imports. The value of GSP imports increased by about 4 percent, while the tariff savings increased by nearly 9 percent compared to October 2015. Overall, … Continue reading

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Happy New Year! (aka 364 Days Until GSP Expires)

2017 is officially here! Unfortunately, that means American companies will face millions of dollars per day in new taxes in unless Congress passes – and the new President signs – legislation extending the GSP program in the next 364 days. … Continue reading

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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

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GSP Saved American Companies $62 Million in August 2016

In August, the GSP program saved American companies $62 million on about $1.6 billion in imports. The value of GSP imports increased by about 5 percent, while tariff savings increased by about 11 percent compared to August 2015. Overall, GSP … Continue reading

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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

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Small Business Paid $250,000 in INTEREST on Bank Loans to Stay Afloat During GSP Expiration

Last week, we profiled two companies (Summit Specialty International in Georgia and Sophia Foods in New York) that have bounced bounced strongly since Congress renewed GSP. Despite difficulties faced during the GSP lapse, both have more workers – and provide … Continue reading

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GSP Renewal Survey (Preliminary Results): 55% of Respondents Incorporate GSP Imports into Exports

On Friday, we published the first preliminary finding from our new GSP renewal survey: that nearly 1 in 4 companies was still waiting for refunds after one year. Today, we want to highlight the responses to another question that had … Continue reading

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