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U.S. Chamber to Administration: Small Businesses Need Immediate Relief from Tariffs


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U.S. Chamber to Administration: Small Businesses Need Immediate Relief from Tariffs

Business

Category: Business News

WASHINGTON, D.C. — The U.S. Chamber sent a letter asking the administration to address the impacts of tariffs by granting automatic exclusions for any small business importer, establishing a process for companies to apply for an exclusion if the company can demonstrate that tariffs pose a risk to employment for American workers, and providing exclusions for all products that cannot be produced in the United States or are not readily available.

“The Chamber supports many of the President’s policy goals, including eliminating unfair trade and non-trade barriers, and driving American investment. At the same time, we have heard from a historic number of small businesses who have made it clear: they need immediate relief from tariffs,” said Suzanne P. Clark, President and CEO of the U.S. Chamber of Commerce. “As each day goes by, small businesses are increasingly endangered by higher costs and interrupted supply chains that will cause irreparable harm. We applaud the administration’s efforts to negotiate as many new trade agreements as possible that expand market access for U.S. companies and benefit American workers, but these deals take time, and many businesses simply can’t afford to wait while negotiations proceed.”

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Source: U.S. Chamber of Commerce