Tag Archives: South Africa

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

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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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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 $62 Million in March 2016

In March, the GSP program saved American companies nearly $62 million on about $1.6 billion in imports. The GSP program saved U.S. companies $170 million in the first three months of 2016. Overall, GSP tariff savings increased increased by 8 … 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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The Importance of GSP Benefits for Specific Products

Some people might think that GSP’s relatively low share of total U.S. imports means it doesn’t have a big impact.  However, for the products covered by GSP – and the American companies buying those products – its importance cannot be … Continue reading

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GSP and Wyoming: 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 Wyoming companies an … Continue reading

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