Brazil to Provide $3.7 Billion in Credit for Firms Hit by US Tariffs
22 Articles
22 Articles
Lula da Silva's government spends $3.65 billion under the Brazilian Sovereign III program to protect exporting companies and counter the Washington trade war.
Brazil's $3.66 Billion Lifeline: How Lula Counters Trump's Tariffs With Fresh Credit
Brazil just fired its latest shot in a trade standoff with Washington. On July 22 the government of President Luiz Inacio Lula da Silva unveiled 18.5 billion reais, or $3.66 billion, in new financing for companies battered by American duties and fallout from conflicts abroad. The move comes as a fresh 25 percent U.S. tariff on many Brazilian goods took effect the same day. The package splits the money in a straightforward way. Thirteen and a hal…
"Plano Brasil Sovereign III" provides credit for sectors such as steel, automobiles and footwear. Lula says that country can "be strengthened" and does not abandon negotiations.
Lula releases R$ 18.5 billion in credit for companies affected by government tariff Trump President Luiz Inácio Lula da Silva (PT) announced on Wednesday (22) the release of R$ 18.5 billion in credit for companies affected by the additional 25% tariffs applied to Brazilian products sold on the American market and also those impacted by the war in the Middle East. The measure is called "Sovereign Brazil 3" by the government. According to the gove…
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
