US Senate Advances Legislation to Repeal Trump's Tariffs on Brazil and Canada - PRESS AI WORLD
PRESSAI
Economy

US Senate Advances Legislation to Repeal Trump's Tariffs on Brazil and Canada

share-iconPublished: Wednesday, October 29 share-iconUpdated: Thursday, October 30 comment-icon1 month ago
US Senate Advances Legislation to Repeal Trump's Tariffs on Brazil and Canada

Credited from: CBSNEWS

  • The US Senate passed legislation to repeal Trump’s tariffs on Brazil, indicating bipartisan frustration with trade policies.
  • Five Republicans joined Democrats to support the resolution, though it is unlikely to pass the House.
  • Similarly, a resolution to block additional tariffs on Canada gained Senate approval with support from four Republicans.
  • Senator Tim Kaine led both legislative efforts, criticizing the justification for the tariffs as unfounded.
  • Trade relations with Canada and Brazil are strained as the US economy faces rising inflation and potential job losses.

The US Senate has taken significant steps to repeal President Trump's tariffs on Brazil, passing the legislation by a narrow margin of 52-48. This measure, which aims to nullify the national emergencies declared by Trump that justified these tariffs, received bipartisan support with five Republican senators crossing party lines to vote in favor. However, the legislation faces a challenging path in the Republican-controlled House of Representatives, where similar measures have been shelved previously, according to SCMP and LA Times.

The tariffs in question include substantial duties on goods such as oil, coffee, and orange juice from Brazil, raising concerns over their impact on consumers and the economy. Senator Tim Kaine, who spearheaded the resolution, criticized the economic rationale for the tariffs, asserting that they have caused “economic destruction” and are contributing to rising prices for everyday products. He highlighted the $6.8 billion trade surplus the US had with Brazil last year, calling the tariffs unjustified, according to LA Times and India Times.

In a related development, the Senate also voted to block Trump's additional 10% tariffs on Canada, passing the measure 50-46. This resolution was supported by four Republicans who argued that the tariffs disproportionately harm states like Maine, which have deep economic ties with Canada. Senator Kaine argued against the emergency declaration used to support these tariffs, stating that “the fracturing of this long-standing, powerful relationship [with Canada] is one of the many reasons I oppose them,” according to CBS News and India Times.

Both legislative actions demonstrate a growing impatience among some Republican senators towards Trump's trade policy, amidst concerns regarding economic stability. With inflation and job growth becoming pressing issues, dissenting voices within the party are increasingly challenging the president's approach to tariffs and international trade, as noted by various sources including SCMP and LA Times.

SHARE THIS ARTICLE:

nav-post-picture
nav-post-picture