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Brazil Counters Tariffs with $5.5B Package
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Juraima Almeida The Brazilian government presented on Wednesday an expected package of aid measures that includes $5.6 billion in loans to support local companies affected by Donald Trump's tariffs, which will give affected companies more time to pay their taxes. In addition, it includes a comprehensive reform of the Export Guarantee Fund, controlled by the BNDES development bank and designed to cover the risks of credit operations related to fo…
Read time approx.: 1 minutes, 24 secondsThe US president was forceful in his stance and in addition to the tariff imposed a few weeks ago, he decided to criticize them strongly for their commercial influence... "Brazil has been a lousy trading partner in terms of tariffs; as you know, they charge us huge tariffs, much higher than those we charge them. In fact, basically, we didn't even impose any. Brazilians apply huge tariffs and make everythin…
FPSA - Brazilian government announces a $5.5 billion package to counteract Trump’s tariffs
The aid plan will provide tax waivers and credits at affordable rates, strengthen financial support, and facilitate the purchase of foods by government agencies. Keep readingRead MoreThe post Brazilian government announces a $5.5 billion package to counteract Trump’s tariffs appeared first on FPSA.
The Brazilian government announced some measures for companies that will be reached by the 50% rates of Donald Trump. Among the measures are credit lines with interest rates subsidised, tax increases and government purchases. According to the government, only a fraction of these measures will have effect in the primary result, since most of the resources will come from government funds that are not accounted for in the tax target. However, the f…
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