Advocacy Group for GSP Says $1.7B in Tariffs Paid Since Expiration

The Coalition for GSP released a new analysis of trade data that says $1.7 billion was paid in tariffs that would have been eliminated through the Generalized System of Preferences from the benefits program's expiration through the end of June. Importers who want to take advantage of GSP mark those entries as such, because their tariffs will be refunded once it is renewed.