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Brazil unveils $5.5B support plan for exporters hit by US tariffs

 Published: 11:53, 14 August 2025

Brazil unveils $5.5B support plan for exporters hit by US tariffs

Brazilian President Luiz Inacio Lula da Silva announced a plan Wednesday to support exporters affected by high tariffs of up to 50% imposed by the US on several of the country’s products.

The plan includes $5.5 billion in credit for exporters, tax relief for affected businesses and incentives to boost local production for export to the US.

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