Suzano S.A. ($SUZ)

H.J. Res. 147 is an early-stage resolution to terminate a 40% tariff on certain Brazilian imports under a July 2025 national emergency. The bill has only been referred to committee with minimal cosponsor support, making near-term passage unlikely. For tickers like $ABEV and $BRFS, the tariff removal would reduce costs on U.S.-bound products, but revenue exposure is small and legislative probability is low, so market impact is negligible.

→ No change in Suzano's U.S. tariff exposure because pulp was exempted from the original 40% tariff; the bill's passage would have zero economic impact on Suzano's pulp revenue.