Economy Minister Fernando Haddad, from left, Chamber of Deputies President Hugo Motta, Brazil's Vice President Geraldo Alckmin, Brazil's President Luiz Inacio Lula da Silva and Senate President Davi Alcolumbte, pose for a group photo during a signing ceremony to enact the Sovereign Brazil Plan, an aid program to support companies affected by the 50% tariffs imposed on Brazilian products in the United States, at the Planalto presidential palace in Brasilia, Brazil, Wednesday, Aug. 13, 2025. (AP Photo/Eraldo Peres)
Brazil’s Lula announces $5.5 billion in credits for exporters hit by US tariffs
SAO PAULO (AP) — The Brazilian government on Wednesday unveiled a plan to support local companies affected by a 50% tariff imposed by U.S. President Donald Trump on several of the country’s exports. Dubbed “Sovereign Brazil,” the plan provides for a credit lifeline of 30 billion reais ($5.5 billion), among other measures. Hours later, U.S. Secretary of […]
AUG. 14, 2025
Find out more