The US Chamber of Commerce proposes to abolish duties for small businesses

The head of the U.S. Chamber of Commerce, Suzanne Clark, appealed to the presidential administration with an initiative to review the existing system of duties. She called for their abolition for small importing enterprises. She also proposed to waive tariffs on goods that are not produced in the country. 

In her opinion, such measures will help avoid an economic downturn and protect small businesses from devastating consequences that may turn out to be irreversible.

Clarke sent her proposals in an official letter to key government representatives. Among the recipients are Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamison Greer. 

The document also calls for the development of a special mechanism allowing companies to obtain exemption from duties. This will be possible if they justify that the current import tariffs pose a significant risk to jobs in the country.