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Euronews
Euronews
Jerry Fisayo-Bambi

Brazil announces $5.5 billion in credits for exporters hit by Trump's tariffs

Luiz Inácio Lula da Silva Lula da Silva Donald Trump Brazil United States Jair Bolsonaro

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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