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.
QUICK LINKS
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Contact Us 
