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The Independent UK
The Independent UK
National
Via AP news wire

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

Brazil United States Donald Trump Luiz Inácio Lula da Silva Vladimir Putin
Brazil Lula Tariffs - (Copyright 2025 The Associated Press. All rights reserved)

The Brazilian government on Wednesday unveiled a plan to support local exporters affected by a 50% tariff imposed by U.S. President Donald Trump on several products from the South American nation.

Dubbed “Sovereign Brazil," the plan provides for a credit lifeline of 30 billion reais ($5.5 billion), among other measures.

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