Brazil Unveils Relief Package to Blunt Impact of US Tariffs (1)

Brazil’s government on Wednesday rolled out a long-awaited relief package including 30 billion reais ($5.6 billion) in credit to support local companies hit by Donald Trump’s trade tariffs.

The plan incorporates a measure allowing affected businesses extra time to pay their taxes. It also includes a comprehensive overhaul of the Export Guarantee Fund, which is controlled by the state development bank BNDES and is designed to cover risks in export-related credit operations.

Brazil’s president Luiz Inacio Lula da Silva

Photographer: Dado Galdieri/Bloomberg

Brazil is taking action after US Treasury Secretary Scott Bessent canceled a trade meeting with Finance Minister Fernando Haddad this week. With negotiations surrounding 50% tariffs ...