Tag Archives: jewelry

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 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

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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

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GSP Saved American Companies $54 Million in February 2016

In February, the GSP program saved American companies more than $54 million on about $1.4 billion in imports. The GSP program saved U.S. companies $109 million in the first two months of 2016. Overall, GSP tariff savings increased increased by … Continue reading

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GSP Expiration Cost American Importers Another $56 Million in September

Based on data released today by the U.S. government, GSP expiration cost U.S. importers $56.5 million in September – about $20,000 more than it cost in August. In those first two months, that works out to about $1.85 million for … Continue reading

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GSP Saved American Companies Nearly $750 Million in 2012

As noted on Monday, the US government recently released 2012 trade data showing that imports under GSP rose to $19.9 billion last year.  Based on an analysis of that data, the GSP program saved American companies an estimated $748.7 million … Continue reading

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