The American Chamber of Commerce urges the Trump official to exceed the customs tariffs of small companies

Photo of author

By [email protected]


The American Chamber of Commerce warned in a new message to the Trump administration Small companies You need automatic exceptions from the definitions that can undermine its ability to survive.

On Thursday, the Chamber wrote to Treasury Secretary Scott Bessin, Minister of Commerce Howard Lottenic and American Trade Representative, Jameson Jarir, to communicate their concerns about the ability of small companies to deal with the financial strike of tariff messages and invite small companies to exclude small companies from the definitions, in addition to Introductory relief Sizes.

The message said that the Chamber and its members “appreciate your efforts to negotiate bilateral agreements with other countries to achieve zero treatment against zero on customs tariffs and reduce non -firearms against trade”, saying that such deals will enhance American exports, support more jobs and higher wages.

“While we hope these agreements will be reached quickly, we are very concerned that even if it does not take weeks or months only to reach the agreements, many small companies will suffer

Small business owners talk about the effects of Trump’s tariff: “uncontrolled”

Semi -open leaves Houston Port

The Chamber of Commerce has warned that small companies may lack financial ability to push the customs tariff on the imported goods they need to survive as viable institutions. (Mark Felix / Bloomberg via Getty Images / Getty Images)

I asked for the room Trump administration “Take immediate measures to save small companies in America and avoid recession” by taking three measures to definitions using their authority.

The first of these would be an automatic exclusion of small business importers, as the Chamber claims that small companies “do not have margin or capital reserves to maintain increased definitions, and they do not have the ability to quickly adjust supply chains.”

The second procedure that the room requested automatic Exceptions of customs tariffs For products that cannot be obtained in the United States or are not easily available from local sources to protect companies and consumers from high costs. These elements that are currently exposed to definitions include coffee, banana, cocoa and some minerals, while the demand also applies to “many other industrial inputs allocated to American manufacturers.”

The American store, who relied on Canadians, announces the closure, citing definitions and “choosing” Trump

Suzan Clark Chamber speaks in the microphone

The CEO of the American Chamber of Commerce and President Susan Clark sent the message to President Donald Trump’s cabinet officials. (David Kawai / Bloomberg via Getty Images / Getty Images)

Requesting the third customs tariff policy is for a process for companies “to urgently get exceptions in situations that the company can prove that, as applied, the tariff imposes significant risks on American employment.” The message noticed that more than 40 million American jobs depend on trade And it is “necessary” to protect and develop these jobs to advance economic growth and prosperity.

“The Chamber supports many goals of the president’s policy, including eliminating unfair barriers for trade and non -existing, and US investment leadership,” Susan Clark, President and CEO of the American Chamber of Commerce said in a statement. “At the same time, we heard from a historical number of small companies that they made clear: they need an immediate relief.”

She said: “With the passage of every day, small companies are increasingly at risk due to high costs and intermittent supply chains that will cause irreplaceable damage,” she said. “We commend the administration’s efforts to negotiate the largest possible number of new trade agreements that expand access to the markets for American companies and benefit American workers, but these deals take time, and many companies cannot simply wait with the continuation of negotiations.”

Consumer confidence fell to its lowest level in 5 years in April

Stephen Miller surrounds the White House

The White House Chief of Staff of Stephen Miller said that relief from the tariffs of small companies will come in the form of a package of expected taxes from Congress. (Yuri Gripas/Abaca/Bloomberg via Getty Images/Getty Images)

The White House Chief of Staff of Stephen Miller’s policy was asked about the Chamber of Commerce speech during a press conference on Thursday and said that relief for small companies will come from Tax reduction package The Trump administration and Republican in Congress are looking forward to progress in the coming months.

“The relief of small companies will come in the form of the largest tax reduction in American history,” Miller answered, adding that the package will get 100 % expenses Investing in the United States Democrats criticized the opposition of the bill.

“This will be the most pro -human business tax bill in American history. At the same time, this is what you must understand about the plan, as they are able to do this, as they are able to restore this supply chains beach, and this also means that they will not pay any tariff. So you will have the lowest tax environment and there will be no tariff because its production and supply office will be in the United States,” Miller said.

Get Fox Business on the Go by clicking here

In a follow -up question, Miller was asked whether his response means that there will be no short -term introductory relief for small companies.

Miller said: “It is yes to the tax exemption for small companies. Once again, you only pay the tariff for the products that are made outside the United States,” Miller said.



https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/10/0/0/port-of-houston-trucks.jpg?ve=1&tl=1

Source link

Leave a Comment