Trump’s Brazil Tariff Proposal Reportedly Draws Fire From Senate Democrats

Published : Jul 31, 2025, 09:05 PM IST
https://stocktwits.com/news-articles/markets/equity/trump-brazil-tariff-proposal-draws-fire-from-senate-democrats/choLXiFR566

Synopsis

Senators are concerned that President Donald Trump’s tariffs on Brazil are being used to stop the prosecution of former Brazilian President Jair Bolsonaro.

President Donald Trump’s plan to slap tariffs on Brazil is facing resistance from top Senate Democrats, who say the move is driven by politics, not policy.

“We’re particularly concerned about these tariffs on Brazil — which are being put into place to get the Brazilian Supreme Court to stop its prosecution of Trump’s longtime friend Jair Bolsonaro, Brazil’s former president who is facing criminal charges for inciting a violent coup,” Senators Tim Kaine, Chuck Schumer, Jeanne Shaheen and Ron Wyden said in a statement cited by Bloomberg.

Get updates to this developing story <directly on Stocktwits.<

Read also: El-Erian Questions Whether The Fed Should Stick To Its 2% Inflation Target

For updates and corrections, email newsroom[at]stocktwits[dot]com.<

PREV

Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.

Recommended Stories

Leaked Files Reveal Binance Allowed Sanctioned Crypto Trades Despite Red Flags: Report
XRP, Solana Spot ETFs Lead In Weekly Inflows As Bitcoin, Ethereum Face Outflows