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- Breakdown by State of the $600 Million in 2016 Tax Savings from GSP Through October
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- Breakdown by State of the $531 Million in 2016 Tax Savings from GSP Through September
- GSP Saved American Companies $59 Million in September 2016
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Tag 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
Posted in Armenia, Florida, Georgia, GSP, India, Indonesia, Louisiana, New Mexico, South Africa, Thailand
Tagged aluminum products, Armenia, Congo, construction products, copper, ferrochromium, Florida, Georgia, gloves, GSP, gsp expiration, India, Indonesia, Louisiana, motors, New Mexico, South Africa, Thailand, valves
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A State-By-State Breakdown of the $472 Million in GSP Tariffs Savings Through August 2016
In the first eight months of 2016, GSP saved American companies about $472 million in eliminated tariffs. Hawaii joined the list of states for which GSP eliminated at least $1 million in tariffs on imports, bringing the total to 38 … Continue reading
Posted in California, Florida, Georgia, Hawaii, Illinois, New Jersey, New York, Texas
Tagged California, Florida, Georgia, GSP, Hawaii, Illinois, Imports Work, New Jersey, New York, tariffs, taxes, Texas
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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
Posted in Brazil, California, Colorado, GSP, India, Indonesia, North Carolina, Ohio, Philippines, Thailand
Tagged batteries, brazil, building stone, California, chemicals, Colorado, electric motors, furniture fittings, GSP, import taxes, imports, India, Indonesia, machining centers, microphones, North Carolina, Ohio, optical goods, Philippines, tariffs, Thailand
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Year-to-Date GSP Savings By State through July 2016
In the first seven months of 2016, GSP saved American companies about $410 million in eliminated tariffs. New Hampshire joined the list of states for which GSP eliminated at least $1 million in tariffs on imports, bringing the total to … Continue reading
Posted in California, Florida, Georgia, Hawaii, Illinois, New Hampshire, New Jersey, New York, Texas
Tagged California, Florida, Georgia, GSP, gsp renewal, Hawaii, Illinois, New Hampshire, New Jersey, New York, tariffs, taxes, Texas
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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
Posted in California, Georgia, GSP, Indonesia, New York
Tagged benefits, California, Congress, exports, Georgia, GSP, gsp expiration, gsp renewal, Indonesia, jewelry, jobs, layoffs, New York, small business, smallbiz
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It isn’t 1810
“It is an extremely arbitrary and outdated tariff. Our politicians need to realize we operate in a global economy now; it isn’t 1810.” That comment was provided by Alex Livingston, President of Summit Specialty International in Alpharetta, Georgia, in response … Continue reading
Posted in Brazil, Georgia
Tagged brazil, Georgia, GSP, gsp expiration, gsp renewal, new hires, small business, smallbiz, tariffs
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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
GSP Saved American Companies $61 Million in June 2016
In June, the GSP program saved American companies $61 million on about $1.5 billion in imports. GSP saved U.S. companies $353 million in the first half of 2016, more than any year since 2012. Overall, the value of GSP imports … Continue reading
Posted in Bolivia, Brazil, Ecuador, Florida, Georgia, India, Kansas, New Jersey, South Carolina, Thailand, Ukraine
Tagged Bolivia, brazil, building stone, ceramics, Ecuador, ferroalloys, Florida, Georgia, GSP, India, jewelry, Kansas, New Jersey, pesticides, plywood, rare gases, South Carolina, Thailand, tires, Ukraine
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Year-to-Date GSP Savings By State through April 2016
In the first four months of 2016, GSP saved American companies about $230 million in eliminated tariffs. The map below shows the overall GSP imports and savings by state from January to April. Companies in California continued to lead the … Continue reading
Posted in California, Florida, Georgia, GSP, New Jersey, New York, Texas
Tagged #renewgsp, California, Florida, Georgia, GSP, New Jersey, New York, Texas
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