Brazilian President Luiz Inacio Lula Da Silva announced Tuesday 5.5 billion dollars in credits for companies affected by American customs duties, as part of a support plan.
Brazilian President Luiz Inacio Lula Da Silva announced Tuesday 5.5 billion dollars in credits for companies affected by American customs duties, as part of a support plan.
A punitive surcharge of 50%, with many exceptions, has been hitting Brazilian products exported to the United States since Wednesday.
She serves Donald Trump reprisals against prosecution targeting ex-president Jair Bolsonaro, her far-right ally, accused of having tried a coup in Brazil after his defeat in the 2022 election.
Coffee and meat
The key sectors of coffee and meat are particularly affected, while orange juice, civil aviation, fertilizers and precious metals are not affected by customs duties of 50%.
According to Brasilia, 36% of Brazilian exports are impacted.
“Tomorrow (Wednesday), I will sign a provisional measure creating a credit line of 30 billion reais (4.48 billion francs) for Brazilian companies that could suffer from damage because of Trump customs duties,” said Luiz Inacio Lula da Silva on a local radio.
Aids will especially go to small businesses, large having better capacities of “resistance”, added the president.
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