According to a recent report by the U.S. Chamber of Commerce, the robust digital trade sector is now facing serious risks. The sector, which contributes significantly to the U.S. economy and provides approximately 3 million jobs, is suspected to be at potential “peril” due to the Biden administration’s seeming reluctance regarding e-commerce policies.
Despite its rapid growth that surpasses that of the U.S. overall economy, the Chamber sees the digital trade arena subject to severe damages if certain policy adjustments are not made. The Chamber urges the Biden administration to address this critical issue, hinting at the large-scale ramifications should its advises fall on deaf ears.
For more specific details on the U.S. Chamber’s report and commentary on digital trade and the state of e-commerce in the United States, you can go through the original coverage on Law360.