WASHINGTON, D.C.—U.S. Chamber of Commerce Executive Vice President and Head of International Affairs Myron Brilliant issued the following statement today on reports that the administration is considering tariff relief as part of its response to the COVID-19 pandemic and its economic fallout:
“There’s never a bad time to embrace good policy, and tariff relief would provide some welcome breathing room for American businesses and consumers. Liquidity has emerged as one of the top challenges for businesses of all sizes, and tariff relief — like the tax relief provided in the CARES Act — would alleviate some of that strain.
“In addition, the Chamber continues to urge USTR to automatically extend all the exclusions to the Section 301 tariffs that are slated to lapse in the coming months. The last thing any business needs at this time is a tax increase, which is exactly what the expiry of these exclusions would amount to.”
The U.S. Chamber of Commerce is committed to helping American businesses respond to the coronavirus so they can support their employees, customers, and communities. Our members and the state and local chambers, who are on the front lines of this pandemic, need us now more than ever to help them through this significant disruption. We will continue working every day to help our country’s people, businesses, and economy weather this storm and emerge stronger—just as we have at other challenging times in our nation’s history. Visit uschamber.com/coronavirus for more information.