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Brazil’s Lula announces $5.5 billion in credits for exporters hit by US tariffs
- The Brazilian government introduced a plan to support local exporters affected by a 50% tariff imposed by U.S. President Donald Trump on several products from Brazil.
- The plan, called 'Sovereign Brazil,' includes a credit lifeline of 30 billion reais and other supportive measures.
- Brazil's President Luiz Inácio Lula da Silva referred to the plan as a first step to assist local exporters and will send a bill to Congress.
- Other measures include tax postponements, 5 billion reais in tax credits for small and medium-sized companies, and expanded insurance access.
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Last week, US President Trump imposed 50 percent tariffs on products from Brazil. The government of the affected country now wants to help its own economy with the consequences and provides funds - on one condition.
Lula unveils $5.5 billion plan to shield Brazil exporters from Trump's tariffs
Brazil’s Lula announced a $5.5 billion credit package to aid exporters hit by Trump’s 50% tariffs, offering tax relief, insurance support and incentives to counter what he called baseless US trade sanctions.
·India
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abc NewsBrazil's Lula announces $5.5 billion in credits for exporters hit by US tariffs
The Brazilian government has unveiled a plan to support local exporters affected by U.S. tariffs. President Luiz Inácio Lula da Silva announced on Wednesday a credit lifeline of $5.5 billion as part of the "Sovereign Brazil" plan.
·United States
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Total News Sources19
Leaning Left5Leaning Right4Center6Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 33%
C 40%
R 27%
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