Close Menu
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

20 killed in Gaza strikes as Israel pushes new ‘humanitarian city’ plan

July 17, 2025

Dar meets Chinese FM Wang Yi on sidelines of SCO summit

July 17, 2025

If Trump fires Fed Chair Powell, what happens next

July 17, 2025
Facebook X (Twitter) Instagram
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us
Facebook X (Twitter) Instagram Pinterest Vimeo
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports
Nabka News
Home » Trump tariffs inviting corruption, Democrats tell Bessent, Lutnick
Political

Trump tariffs inviting corruption, Democrats tell Bessent, Lutnick

i2wtcBy i2wtcApril 17, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
Follow Us
Google News Flipboard Threads
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


Sen. Elizabeth Warren, D-Mass., conducts a news conference in the U.S. Capitol to voice opposition to the Senate Republicans’ budget resolution on April 3, 2025.

Tom Williams | CQ-Roll Call, Inc. | Getty Images

Dozens of Democratic lawmakers are warning that President Donald Trump’s tariff-heavy trade agenda is quickly starting to resemble a “corrupt scheme to enrich administration officials and those loyal to them.”

The Trump administration’s tumultuous rollout of a spate of new tariffs is “rife with opportunities to unduly influence President Trump and other administration officials,” the Democrats wrote in a letter shared first with CNBC on Thursday.

The letter, signed by 47 House and Senate members, asks Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer to detail the administration’s “plans to prevent the misuse of tariffs for self-dealing.”

The effort was led by Sen. Elizabeth Warren of Massachusetts and Reps. Judy Chu and Linda Sánchez of California. Other signatories include Sens. Sheldon Whitehouse of Rhode Island and Bernie Sanders of Vermont, as well as Reps. Ayanna Pressley of Massachusetts, California’s Jared Huffman and Al Green of Texas. Sanders is a registered independent who caucuses with Democrats.

As the minority party in both chambers of Congress, Democrats cannot call hearings or issue subpoenas, limiting their ability to compel a reply from the Trump administration. But the letter nevertheless illustrates how they are homing in on Trump’s handling of the economy as they mount their resistance to his second term.

Read more CNBC politics coverage

They argue in the letter that Trump’s use of tariffs during his first term as president showed his willingness to wield import taxes as a tool for him to reward his political friends and punish his foes.

“We fear the administration is once again turning its tariffs policy into an underground market of exemptions in exchange for financial and political favors,” the letter reads.

They point to the recent decision to exempt smartphones and other electronics from his so-called reciprocal tariffs. News of that exemption boosted the stock price of companies such as Apple, whose CEO, Tim Cook, “has cultivated his relationship with the President in recent months,” the letter notes.

The Democrats also allege Trump’s tariffs “are inviting corruption not only through quid-pro-quo arrangements but also through officials’ personal investments” because his frequently changing trade policy “opens the door to rampant insider trading.”

Their letter seeks answers from Lutnick, Bessent and Greer by April 29 on how the administration will handle possible tariff exemptions.

Don’t miss these insights from CNBC PRO



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
i2wtc
  • Website

Related Posts

Political

If Trump fires Fed Chair Powell, what happens next

July 17, 2025
Political

Crypto bills stall in Congress for second day

July 16, 2025
Political

Gun seller GrabAGun, backed by Donald Trump Jr., begins stock trading

July 16, 2025
Political

Trump blasts Jeffrey Epstein file questions by Congress

July 16, 2025
Political

Trump administration sued by U.S. states for cutting disaster prevention grants

July 16, 2025
Political

EU proposes to raise defense funding in 2-trillion-euro budget

July 16, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

20 killed in Gaza strikes as Israel pushes new ‘humanitarian city’ plan

July 17, 2025

House Republicans unveil aid bill for Israel, Ukraine ahead of weekend House vote

April 17, 2024

Prime Minister Johnson presses forward with Ukraine aid bill despite pressure from hardliners

April 17, 2024

Justin Verlander makes season debut against Nationals

April 17, 2024
Don't Miss

Trump says China’s Xi ‘hard to make a deal with’ amid trade dispute | Donald Trump News

By i2wtcJune 4, 20250

Growing strains in US-China relations over implementation of agreement to roll back tariffs and trade…

Donald Trump’s 50% steel and aluminium tariffs take effect | Business and Economy News

June 4, 2025

The Take: Why is Trump cracking down on Chinese students? | Education News

June 4, 2025

Chinese couple charged with smuggling toxic fungus into US | Science and Technology News

June 4, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to NabkaNews, your go-to source for the latest updates and insights on technology, business, and news from around the world, with a focus on the USA, Pakistan, and India.

At NabkaNews, we understand the importance of staying informed in today’s fast-paced world. Our mission is to provide you with accurate, relevant, and engaging content that keeps you up-to-date with the latest developments in technology, business trends, and news events.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

20 killed in Gaza strikes as Israel pushes new ‘humanitarian city’ plan

July 17, 2025

Dar meets Chinese FM Wang Yi on sidelines of SCO summit

July 17, 2025

If Trump fires Fed Chair Powell, what happens next

July 17, 2025
Most Popular

South China Sea: If the Philippines goes to war, Cagayan governor says accepting Beijing’s enemies risks attack.

May 10, 2024

China’s ‘core power’ in quantum technology targeted in latest US trade blacklist, Chinese physicist warns

May 11, 2024

A sleepy, remote town in the Philippines will host returning U.S. troops to counter Chinese threat

May 13, 2024
© 2025 nabkanews. Designed by nabkanews.
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us

Type above and press Enter to search. Press Esc to cancel.