Tag Archives: Imports Work

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

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GSP Importers Go Above and Beyond to Promote Global Development

While we generally focus on the benefits to U.S. companies of the GSP program, it is important to remember that sourcing from GSP countries has a positive impact on the lives of workers and their families in developing countries. Sometimes, … Continue reading

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GSP Savings Hit Home (Mine and Probably Yours)

GSP provides clear benefits to American families by eliminating taxes on a variety of food products and home goods.  In 2012, GSP eliminated nearly $280 million in import taxes on those products alone. But instead of talking about how GSP … Continue reading

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GSP Works for American Families

When imports enter the United States, they often face tariffs – taxes – collected by the U.S. government.  Some of these tariffs are pretty high: 13.5% for inexpensive silver jewelry, 12.5% for flashlights, and 10.0% for coffee mugs.  Everyday food … Continue reading

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GSP Works for American Jobs

The Generalized System of Preferences (GSP) is a U.S. trade program that eliminates the tariffs (i.e., taxes) paid by American companies when they import certain products from about 130 developing countries around the world.  GSP was created in the 1970s … Continue reading

Posted in GSP, Imports Work | Tagged | 3 Comments