In a bid to rein in the populist mood that has enveloped the US fashion and lifestyle industries in the past year, the US Chamber of Commerce has proposed a series of new regulations that would allow the establishment of more retail outlets in the country, and make it easier for US companies to source and sell their goods overseas.
The US Chamber has previously been calling for greater protections for American businesses, particularly in the retail sector, but this latest proposal is likely to set the tone for the rest of the country as well.
The proposal is part of a broader effort by the US trade body to push for greater protection for US manufacturers, as well as greater oversight of the global supply chains that drive the industry.
The proposals have been hailed by critics as a way to make American manufacturers less vulnerable to global competition and to encourage a more diversified and global supply chain.
But critics say the measures will also weaken American manufacturing, as the US will lose more and more market share to countries such as China and Mexico, which already have a significant presence in the US market.
“The Chamber of Industry is clearly in a position of strength and is doing everything they can to increase its share of the US marketplace,” said Tom Davis, the CEO of the American Association of Independent Business, a trade association that represents more than 5,000 small businesses in the United States.
“The Chamber is trying to drive out the competition.
They are not only doing this through regulation, but they are using the Chamber’s lobbying clout to force the American consumer to buy less of their products and services.
They’re trying to take our business away from us.””
The US has a long way to go to compete on a global level and it’s going to be very hard for the US to continue to grow in this space,” Davis added.”
They have been working hard to convince the public and lawmakers to do away with local control in the consumer and retail markets, which has been a major impediment to US competitiveness for the past 25 years.”
The Chamber proposal also comes as the United Kingdom, Canada and Australia have also proposed new rules aimed at helping American companies expand their supply chains in the wake of the Brexit vote.
“The UK and Canada have passed strong, innovative trade policies, and now the US is making similar efforts to support American businesses in both markets,” said Sarah Schlosser, executive director of the International Council on Clean Technology, a lobby group.
“It is disappointing that the US Congress is failing to take the necessary steps to protect American jobs and American consumers and it is disappointing to see the US government failing to protect them at all.”
The US trade group argues that the changes proposed by the two countries would make it more likely that US manufacturers will be able to expand their manufacturing in the future.
“We’re hopeful that these rules will make it even more likely for US businesses to expand globally, as they do now,” said Mike Johnson, senior vice president of global trade policy at the Chamber of Business.
“But we need to be careful to keep in mind that there is a real risk that this kind of trade restriction will lead to more competition and more jobs going overseas.”
The proposed rules would apply to US manufacturers who manufacture in the UK, Canada, Australia, and New Zealand.
They would also apply to American manufacturers that manufacture in China, Mexico and India.
Under the new rules, a manufacturer could apply for an export permit from the US, or apply for permission from the Office of Export Administration (OEA).
However, a producer would only be able import goods manufactured in the countries that they currently have manufacturing operations in, and not goods manufactured by their competitors.
In addition, any American companies that do not have any existing manufacturing operations that are located in the affected countries would be able export goods made in the three countries without a permit from OEA, even if those firms were already operating in the region.
According to the proposal, an American manufacturer could also apply for a permit in the next 15 years to import up to $1.1 billion worth of goods manufactured abroad each year.
This new measure will be a major boon for American manufacturing and jobs, but will also put pressure on American retailers to reduce their reliance on foreign suppliers, according to Dan Borenstein, an economist at the University of Michigan’s School of Business and Economics.
“For the past five years, the U.S. has been the leader in manufacturing jobs, and our supply chains have grown to compete with the Chinese and the Mexican economies,” Borensteinsaid.
“Now the US may be moving backwards.”
Borenstein argues that while the US economy is currently in good shape, that doesn’t mean that American consumers can expect to see any kind of meaningful economic recovery in the short-term.
“If anything, we’re going to see a decline in consumer spending in the coming years, which is a problem because the American economy is a very high-margin one,”