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Tags: chamber of commerce | tariffs | recession

Chamber Urges Tariff Exclusion Process to Avert Recession

By    |   Thursday, 01 May 2025 03:59 PM EDT

The U.S. Chamber of Commerce this week asked the Trump administration to immediately implement a tariff exclusion process to keep the U.S. economy from falling into a recession, CNBC reported.

"We are deeply concerned that even if it only takes weeks or months to reach agreements, many small businesses will suffer irreparable harm," Chamber of Commerce CEO Suzanne Clark wrote in a letter sent Wednesday to Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer.

"The Chamber requests the administration take immediate actions to save America's small businesses and stave off a recession," she wrote.

Clark told CNBC on Thursday she wrote the letter because "we were just getting inundated by small business requests for information, for relief."

Those owners are "afraid for the very survival of their business," she said.

White House deputy chief of staff Stephen Miller told reporters the administration was not considering the Chamber's request for exemptions.

"The relief for small businesses is going to come in the form of the largest tax cut in American history," he said.

Solange Reyner

Solange Reyner is a writer and editor for Newsmax. She has more than 15 years in the journalism industry reporting and covering news, sports and politics.

© 2025 Newsmax. All rights reserved.


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The U.S. Chamber of Commerce this week asked the Trump administration to immediately implement a tariff exclusion process to keep the U.S. economy from falling into a recession, CNBC reported.
chamber of commerce, tariffs, recession
179
2025-59-01
Thursday, 01 May 2025 03:59 PM
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