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Tag Archives: North Carolina
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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$1.31 Billion in Automatic GSP Refunds – Broken Down by State
Based on newly available July 2015 trade data, American companies paid about $1.3 billion in higher import taxes while GSP was expired between August 2013 to July 2015. With the retroactive GSP renewal, nearly all of that will be refunded … Continue reading
Posted in California, GSP, New Jersey, North Carolina, Ohio, Texas, Washington
Tagged American jobs, California, Customs, GSP, GSP refunds, gsp renewal, jobs, New Jersey, North Carolina, Ohio, refunds, tariffs, Texas, Washington
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GSP Renewal Immediately Benefiting Companies in the Carolinas
GSP has only been back in effect for a week, but we’re already hearing positive things from companies about the impacts. Take Thompson Traders in Greensboro, North Carolina, which manufactures and sells hand-hammered copper sinks for kitchens and baths. GSP … Continue reading
Posted in GSP, North Carolina, South Carolina
Tagged GSP, gsp renewal, jobs, layoffs, North Carolina, South Carolina, tariffs, taxes
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NAM Says It’s Time to Renew GSP
Yesterday, the National Association of Manufacturers (NAM) wrote about the negative impact of GSP expiration on…not surprisingly…manufacturers. At the most basic level, because of GSP expiration “many manufacturers’ costs are higher and their competitiveness undermined.” This of course is a … Continue reading
Posted in California, Florida, Indiana, New York, North Carolina, Ohio, Oregon, West Virginia
Tagged CA, California, FL, Florida, IN, Indiana, manufacturing, NAM, NC, New York, North Carolina, NY, OH, Ohio, OR, Oregon, West Virginia, WV
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7 New Organizations Call on Congress to Renew GSP
With Congress returning to DC and companies beginning to feel the sting of expiration, more and more American organizations are calling for immediate renewal of the GSP program.The map below shows the 20+ companies and associations – based in 16 … Continue reading
Posted in Arizona, California, Connecticut, Florida, Georgia, GSP, GSP Supporter List, Illinois, Maryland, Missouri, New Jersey, New York, North Carolina, Ohio, Rhode Island, South Carolina, Texas, Washington
Tagged Arizona, AZ, CA, California, Connecticut, CT, FL, Florida, GA, Georgia, GSP, gsp expiration, GSP supporter list, IL, Illinois, Maryland, MD, Missouri, MO, NC, New Jersey, New York, NJ, North Carolina, NY, OH, Ohio, Rhode Island, RI, SC, South Carolina, Texas, TX, WA, Washington
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More Companies Call on Congress to Renew GSP
This morning, we added our newest company to the GSP Supporter List: Ferndale, Washington-based Kona Bicycle Company. Located in 1st Congressional District, the 27-employee company imports from Cambodia under GSP. Kona isn’t the only new company calling on Congress to … Continue reading
Posted in Brazil, Cambodia, Connecticut, Georgia, GSP, GSP Supporter List, Illinois, India, Indonesia, Minnesota, New Jersey, New York, North Carolina, Ohio, Tennessee, Virginia, Washington, West Virginia
Tagged brazil, Cambodia, Connecticut, CT-1, CT-3, GA-13, Georgia, GSP supporter list, IL-10, Illinois, India, Indonesia, Minnesota, MN-6, NC-11, New Jersey, New York, NJ-12, North Carolina, NY-20, NY-27, OH-9, Ohio, Tennessee, TN-1, VA-9, Virginia, WA-1, Washington, West Virginia, WV-3
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GSP and North Carolina: Fast Facts
The Generalized System of Preferences (GSP) program eliminates U.S. tariffs (i.e., taxes) on certain imports from developing countries. GSP imports in 2011 totaled $18.5 billion and the program saved American companies more than $700 million. GSP saved North Carolina companies … Continue reading
Posted in GSP, India, North Carolina, State Reports
Tagged chemicals, GSP, GSP supporter list, India, NC, North Carolina
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Renew GSP Today 