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Al Jazeera
Al Jazeera
Business

Brazil plans aid packages for businesses impacted by Trump tariffs

Brazil United States Donald Trump Luiz Inacio Lula da Silva Jair Bolsonaro
Brazil's President Luiz Inacio Lula da Silva announced the plan, which will take effect immediately on Wednesday [Eraldo Peres/AP]

The Brazilian government has unveiled a plan to support local exporters impacted by the 50 percent tariff imposed by the United States.

Officials announced what has been dubbed “Sovereign Brazil”, a credit lifeline of 30 billion reais ($5.5bn) on Wednesday.

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