Source: ABC News
“The Brazilian government on Wednesday unveiled a plan to support local exporters affected by a 50% tariff imposed by U.S. President Donald Trump on several products from the South American nation. Dubbed ‘overeign Brazil,’ the plan provides for a credit lifeline of 30 billion reais ($5.5 billion), among other measures. Brazil’s President Luiz Inácio Lula da Silva described the plan, which includes a bill to be sent to Congress, as a first step to help local exporters.” (08/13/25)