The plan, called ‘Sovereign Brazil’, will include credit for businesses that rely on exports.
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.
Brazil’s President Luiz Inacio Lula da Silva described the plan, which includes a bill to be sent to Congress, as a first step to help local exporters.
Congressional leaders attended Wednesday’s ceremony, a first in months, in a sign of growing political support for the leftist leader in response to US President Donald Trump’s tariffs.
