This story just emphasizes things are getting real, for all, but especially small businesses that rely on imported goods. In response, I've spoken to Funders changing their uw guidelines quickly to adapt.
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The U.S. Chamber of Commerce is urging the Trump administration to immediately implement a “tariff exclusion process” in order to keep the U.S. economy from falling into a recession.
The group asked trade officials Scott Bessent, Howard Lutnick and Jamieson Greer to automatically lift tariffs on all small business importers and on all products that “cannot be produced in the U.S.”
Chamber CEO Suzanne Clark also asked the Trump administration to establish a process for businesses to quickly obtain tariff exclusions.