Tag Archives: Wisconsin

GSP Renewal Saved American Companies $57 Million in November

GSP renewal appears to be having a very positive impact on American companies – and their sourcing from GSP countries. Based on data released last week, American importers saved $57 million in November 2015 as a result of the program’s┬áreinstatement … Continue reading

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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

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GSP Expiration: Different Strokes for Different Folks

If you ask people what September means to them, you’ll get lots of different answers: the end of summer, back to school, start of college/NFL football, cooler weather, or perhaps baseball pennant races (unless they’re in DC). Companies that use … Continue reading

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GSP and Wisconsin: 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 Wisconsin companies an … Continue reading

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