Brazil unveils aid package for exporters hit by US tariffs

14/8/2025 7:22

Brazil's government unveiled on Wednesday a long-awaited aid package for companies hurt by steep U.S. tariffs, centered on credit lines for exporters and government purchases of products that face greater hurdles in finding alternative markets.



U.S. President Donald Trump hiked duties on several goods from Brazil to 50% from 10% earlier this month. Although some sectors were exempted from the steeper levies, the move is still set to hurt industries such as coffee, beef, seafood, textiles, footwear and fruit.



Brazilian President Luiz Inacio Lula da Silva had already signaled his administration would not immediately retaliate against the tariff hike, instead prioritizing support for the most affected sectors.