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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.…

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Importers who want to take advantage of GSP mark those entries as such, because their tariffs will be refunded once it is renewed.