Trump to announce reciprocal tariffs impacting Brazilian exports, opposition in the House threatens to obstruct the trade bill until the amnesty bill is addressed, and tax reform advances

BRAZIL POLITICS - Report 02 Apr 2025 by Murillo de Aragão and Cristiano Noronha

The whole world is waiting for Donald Trump's announcement on reciprocal tariffs. The day is being called the "Day of Liberation," with tariffs of 25% on all imported cars and "reciprocal" tariffs country by country—which could affect Brazilian products exported to the U.S. such as ethanol. Yesterday, April 1, the Senate Plenary approved a bill that provides for measures to respond to trade barriers imposed by other countries on Brazilian products. The bill, PL 2.088/2023, introduced by Senator Zequinha Marinho (Podemos-PA), was approved in the morning by the Committee on Economic Affairs (CAE) on a final basis. Today, Senator Eduardo Braga (MDB-AM), rapporteur of PLP 108/2024, which creates the Management Committee, is expected to present his work plan in the Committee on Constitution and Justice.

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