Brazil plans aid packages for businesses impacted by Trump tariffs | Trade War News

The plan, called ‘Sovereign Brazil’, will include credit for businesses that rely on exports.

The Brazilian government has unveiled a plan to support local exporters impacted by the 50 percent tariff imposed by the United States.

Officials announced what has been dubbed “Sovereign Brazil”, a credit lifeline of 30 billion reais ($5.5bn) on Wednesday.

Brazil’s President Luiz Inacio Lula da Silva described the plan, which includes a bill to be sent to Congress, as a first step to help…