Brazil Announces $3.7 Billion Credit for Firms Affected by US Tariffs
The Brazilian government has unveiled a financing package worth 18.5 billion reais ($3.66 billion) to support companies impacted by new US tariffs. The credit, sourced from the Treasury and the State-run development bank BNDES, targets industries such as steel, aluminum, and footwear. This initiative is part of a broader program to provide subsidized credit lines and encourage affected industries to explore new markets. The US tariffs, imposed under the Trade Act of 1974, have been criticized by Brazil as unjustified, given the trade deficit with the US. 
