Sen Elizabeth Warren, D-Mas., On April 3, 2025, holds a news conference at the US Capital to oppose the Budget proposal of Senate Republican.
Tom Williams | CQ-Roll Call, Inc. Getty images
Dozens of democratic MPs have warned that President Donald Trump‘S Tariff-Havi trade agenda quickly “meets a corrupt scheme to enrich the officials of the administration and loyal people towards them.”
Democrats have written Letter First shared with CNBC on Thursday.
47 letters signed by members of the House and Senate, asks Commerce Secretary Howard LootnikTreasury Secretary Scott Besant And American trade representative Jamisan Greer To expand the administration’s plan to prevent the misuse of tariffs for self-saddies “.
The effort was led Sen Elizabeth Warren Massachusetts and Reps. Other signators include sense. Sanders is a registered independent that cocuses with a democrats.
As a minority party in both the Congress chambers, Democrats cannot issue a hearing or subponus, limiting their ability to respond to the Trump administration. But the letter still shows how they are at home to handle Trump’s economy as they mount their resistance to their second term.
He argues in the letter that Trump used the tariff during his first term as the President showed a desire to import import taxes as a tool as a tool to reward his political friends and punish his enemies.
“We are afraid that the administration is once again turning its tariff policy into the underground market of exemption in exchange for financial and political favor.”
They point to the recent decision Discount smartphone And other electronics from their so -called mutual tariffs. The news of that discount increased Stock price Like companies like AppleWhose CEO, Tim Cook“Cultivated his relations with the President in recent months,” letter note.
Democrats have also alleged Trump’s tariff that “not only through the Kwid-Pro-Quo systems but also through individual investments of the authorities” inviting corruption “because his often changing trade policy” opens the door for large-scale insider trading. “
His letter asks for reply from Lootnik, Besant and Greer by 29 April how the administration will handle the potential tariff exemption.
