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.
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“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