Brazil announces $5.5 billion in credits for exporters hit by Trump's tariffs
Source: EuroNews
Brazil on Wednesday unveiled a plan to support local companies affected by a 50% tariff imposed by US President Donald Trump on several of the country’s exports.
Dubbed “Sovereign Brazil,” the plan launched during a signing ceremony at the Planalto presidential palace in Brasilia provides for a credit lifeline of 30 billion reais ($5.5 billion), among other measures.
...
“We cannot be scared, nervous, and anxious when there is a crisis. A crisis is for us to create new things,” Lula said. “In this case, what is unpleasant is that the reasons given to impose sanctions against Brazil do not exist.”
Hours later, US Secretary of State Marco Rubio announced new sanctions against at least two Brazilian officials, in a move the South American nation’s health minister rebuked.
Read more: https://www.euronews.com/2025/08/14/brazil-announces-55-billion-in-credits-for-exporters-hit-by-us-tariffs
= new reply since forum marked as read
Kick in to the DU tip jar?
This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.
As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.