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Tag Archives: Rhode Island
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
Posted in Arkansas, California, Cambodia, Rhode Island, South Africa, Sri Lanka, Thailand, Turkey
Tagged Arkansas, auto parts, California, Cambodia, jewelry, Rhode Island, South Africa, Sri Lanka, Thailand, Turkey
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GSP Expiration Cost Importers Another $41 Million in February 2015
Based on data released last week, continued GSP expiration cost American importers another $41 million in February 2015. Despite a significant drop from typical monthly levels (likely on account of the West Coast Port slowdown), it was the most expensive … Continue reading
Posted in California, Hawaii, Iowa, New Jersey, Rhode Island, Texas
Tagged California, Hawaii, Iowa, New Jersey, Rhode Island, Texas
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GSP Expiration Cost American Companies $56 Million in August 2013
Based on new August trade data released by the US government, we can finally see the cost of Congress’ inability to renew GSP before July 31…and it’s not pretty. GSP should have eliminated about $56.5 million in taxes on about … Continue reading
Posted in Brazil, GSP, India, Indonesia, Philippines, Rhode Island, Thailand, Wisconsin
Tagged brazil, expiration costs, India, Indonesia, Philippines, Rhode Island, RI, Thailand, WI, Wisconsin
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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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2012 GSP Imports and Savings By State
Which states benefit from duty-free imports under GSP? According to our latest research, all of them! It’s no surprise that big states like California and Texas saved tens of millions of dollars annually because of GSP, but it’s important for … Continue reading
Posted in California, GSP, Rhode Island, Texas
Tagged California, GSP, Rhode Island, Texas
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Coalition for GSP Releases Annual GSP Report
This morning, the Coalition for GSP released its latest annual report on the history, administration, and usage of the GSP program. In addition to facts already noted here (e.g., GSP imports reached $19.9 billion and saved U.S. companies nearly $750 … Continue reading
Posted in California, GSP, Rhode Island
Tagged annual report, auto parts, CA, California, GSP, gsp program, Rhode Island, RI
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GSP and Rhode Island: 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 Rhode Island companies … Continue reading
Posted in GSP, Rhode Island, State Reports, Thailand
Tagged GSP, GSP supporter list, jewelry, Rhode Island, RI, Thailand
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