Politics
Brazil Unveils New Relief for Companies Hit by US Tariffs
Key Points
Brazil Unveils New Relief for Companies Hit by US Tariffs Brazil’s government unveiled a relief package worth 18.5 billion reais ($3.7 billion) in credit for exporters hit by new US tariffs, as President Luiz Inácio Lula da Silva seeks to shield key sectors from damage ahead of October elections. The assistance will be provided by extending a program known as the Sovereign Brazil Plan, which Lula’s government created last year after a previous round of US trade levies. The initiative...
Brazil Unveils New Relief for Companies Hit by US Tariffs
Brazil’s government unveiled a relief package worth 18.5 billion reais ($3.7 billion) in credit for exporters hit by new US tariffs, as President Luiz Inácio Lula da Silva seeks to shield key sectors from damage ahead of October elections.
The assistance will be provided by extending a program known as the Sovereign Brazil Plan, which Lula’s government created last year after a previous round of US trade levies. The initiative provides subsidized credit, insurance and guarantees to affected companies.