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U.S. Chamber Action |
Stand Up for Free Enterprise |
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‘There’s so much opportunity here’ |
Good polices on tax, regulations, and energy will ease Americans’ worries. |
Businesses of all sizes are feeling increasing economic pressure and uncertainty from higher tariffs and rising prices. The U.S. Chamber and other experts are helping Americans understand the rapidly changing economic landscape and how Washington can ease public worries.
Why it matters: Uncertainty is causing local businesses to put off hiring and delay expanding operations in their communities.
The big picture: “We're in a period where [companies are] going to have to wait until they know what the rules of the road are before they engage so that they can think about what the cost of doing business is,” said Joe Brusuelas, chief economist of RSM US LLP, in a recent conversation with U.S. Chamber Executive Vice President Neil Bradley.
- "We've had lots of threats of tariffs, but we've already had some tariffs go into effect,” Bradley said, including on goods from China, Canada, Mexico, and the European Union. This has led to increased costs for companies.
Small businesses’ confidence in the economy is higher than it was last fall, but rising costs and inflation expectations make them uneasy, said Tom Sullivan, U.S. Chamber Vice President of Small Business Policy.
- “The cost of keeping and hiring good employees is going up,” he told America’s Small Business Network. “So when something like tariffs comes into the picture … that feeds into that uncertainty we’re seeing.”
What can be done? Elected officials in Washington can focus on policies that drive strong economic growth.
- Sullivan echoed this sentiment: “When small business owners know what they have to pay in taxes and what they can reinvest, that provides the certainty they’re looking for.”
Also, reducing excessive regulations and expanding American energy production can ease burdens on businesses and families.
Bottom line: Pro-growth policies can provide certainty in these turbulent times. “There’s so much opportunity here,” Bradley said. “We need to focus on the things that are really powerful in terms of growing the economy.” |
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ALL BUSINESS IS LOCAL |
2025 State of American Business |
U.S. Chamber President and CEO Suzanne P. Clark delivers a clear message to policymakers: The decisions made in Washington have real-world impacts on businesses and communities across the country. They must prioritize growth and opportunity for all Americans. |
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UPCOMING EVENT |
The Power of Failure in Building Business Success |
April 3, 12:00 PM – 12:30 PM ET |
Brian Scudamore embodies entrepreneurial success. His journey as Founder & CEO of 1-800-GOT-JUNK? culminated in a multi-million dollar enterprise with hundreds of franchises. Find out how this entrepreneur's willingness to embrace hard times drove his winning "Willing to Fail" business philosophy. |
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