US Representatives Schneider and Beyer oppose bill granting expanded tariff authority to President
Democratic Representatives Brad Schneider and Don Beyer have publicly opposed legislation that would grant the President expanded authority to impose tariffs, citing concerns over potential economic instability and trade disruption. While the lawmakers remain supportive of other anti-Russian sanctions, their opposition highlights internal legislative friction regarding the delegation of executive trade powers.
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Russia — 16 developments
US-Brazil Tariff Escalation Amid Broader Trade and Market Volatility
The US has imposed a 25% tariff on Brazilian energy equipment, effective July 22, prompting Brazilian President Lula to demand justification. In response, Brazil has implemented its own 25% tariff on 2,375 items, impacting $7.2 billion in trade. This bilateral trade escalation occurs amidst broader market volatility, including significant tech sector sell-offs and threats of US tariffs against Canada over wildfire smoke.