US Senate blocks Trump's retaliatory tax blow to Brazil

Bùi Đức |

The Republican-controlled US Senate has passed a bill to end the emergency that Trump cited to impose tariffs on Brazil.

On October 28, the US Senate passed a bill to lift taxes imposed by President Donald Trump on Brazil, by ending the national emergency he declared in July in retaliation for Brazil's prosecution of former President Jair Bolsonaro on charges of coup plot.

This is the first of three tax bills expected to be considered by the Senate this week. The Brazil-related bill passed with 52 votes in favor and 48 against, including five Republican Senators who voted with the Democrats.

Other bills to end Mr Trump's tariffs on Canada and some other countries in the world are also expected to be voted on this week.

Senate Democrats accused Trump of abusing emergency statements as a justification for some tax measures, and pledged to continue pushing for votes to reverse this trade policy as prices of goods and raw materials increased, causing harm to US consumers.

Cuu Tong thong Brazil Jair Bolsonaro. Anh: Xinhua
Former Brazilian President Jair Bolsonaro. Photo: Xinhua

People are suffering. They have to pay more for food, clothing, healthcare, energy and construction materials. It is all due to President Trump's tax policies, Democratic Sen. Tim Kaine, the resolutions author, told the Senate.

The bill will be moved to the US House of Representatives, also controlled by the Republican Party, for voting. However, the House has repeatedly rejected President Trump's efforts to cancel tariffs, so the possibility of the bill being passed is very low.

Trump has previously accused the Brazilian government of threatening national security, foreign policy and the US economy and that the prosecution of his former close ally, former President Bolsonaro, is based solely on political motives.

Mr. Bolsonaro was sentenced to 27 years in prison for participating in an armed criminal organization, plotting to overthrow democracy by force and organizing a coup d'etat. The former president has repeatedly denied all allegations and appealed the case to the Brazilian Supreme Court.

In July, Trump increased import tariffs on most Brazilian goods to 50%, and imposed sanctions on a judge of the Brazilian Supreme Court - who is overseeing the Bolsonaro case.

The judge had previously ordered a search and banned Bolsonaro from contacting the subjects accused of trying to persuade Trump to interfere in the election. Mr. Bolsonaro is accused of plotting to prevent President-elect Luiz Inacio Lula da Silva from taking office in 2023.

Bùi Đức
RELATED NEWS

Russia gains more cards in nuclear negotiations with the US

|

WSJ newspaper said that the Burevestnik cruise missile helps Russia gain more leverage in nuclear negotiations with the US.

US - Malaysia sign counter- deflationary trade agreement, keep 19,9% tax unchanged

|

The US-M Malaysia counter- trade agreement maintains a tax rate of 19%, exempting more than 1,700 key Malaysian exports.

Mr. Trump imposes an additional 10% tax on Canadian goods

|

Mr. Trump announced a 10% increase in tariffs on Canadian goods, after Ontario province aired an advertisement that he called "lies and hostility".

Former Brazilian President hospitalized consecutively amid facing 27-year prison sentence

|

On September 16, former Brazilian President Jair Bolsonaro continued to be hospitalized for serious symptoms, while he faced many legal challenges.

Securities accelerate thanks to VIC shares

|

Thanks to the support of blue chip stocks, especially VIC stocks, stocks continued to increase beyond the 1,750 point mark.

Phu Tho requires officials not to wear cow's pants, short dresses, or unneck shirts when going to work

|

Phu Tho - Cadres, civil servants, public employees and workers must dress neatly and politely when performing their duties, not wear short dresses, not wear cow's pants...

Thailand - Cambodia border tensions escalate every hour

|

Thailand - Cambodia tensions have continuously escalated since the clash broke out at the border between the two countries on December 7, forcing many households to evacuate.

Experts predict Vietnam's GDP growth for the whole year of 2025

|

With import and export reaching nearly 840 billion USD, FDI increasing sharply and tourism recovering impressively... experts predict that the GDP growth target of over 8% is within reach.

Russia gains more cards in nuclear negotiations with the US

Song Minh |

WSJ newspaper said that the Burevestnik cruise missile helps Russia gain more leverage in nuclear negotiations with the US.

US - Malaysia sign counter- deflationary trade agreement, keep 19,9% tax unchanged

Song Minh |

The US-M Malaysia counter- trade agreement maintains a tax rate of 19%, exempting more than 1,700 key Malaysian exports.

Mr. Trump imposes an additional 10% tax on Canadian goods

Song Minh |

Mr. Trump announced a 10% increase in tariffs on Canadian goods, after Ontario province aired an advertisement that he called "lies and hostility".

Former Brazilian President hospitalized consecutively amid facing 27-year prison sentence

Châu Anh |

On September 16, former Brazilian President Jair Bolsonaro continued to be hospitalized for serious symptoms, while he faced many legal challenges.