Brazilian President Luiz Inacio Lula da Silva announced a support plan for exporters affected by high US tariffs, providing 20 billion reais in credit. The plan aims to assist businesses facing tariffs of up to 50%. Measures include postponing tax charges and promoting local products for export to the US. Lula described the plan as a crucial first step to support Brazil's export sectors, stating that the reasons behind the tariffs were baseless. He emphasized the importance of remaining resilient in crisis situations and criticized the portrayal of Brazil by the Trump administration.
Lula announced a support plan for exporters affected by US tariffs, providing 20 billion reais in credit and postponing tax charges for affected businesses.
According to Lula, the plan is a first step to support export sectors, stating, 'We cannot be scared, nervous and anxious when there is a crisis.'
Lula criticized the US tariffs, asserting they were baseless claims made by the Trump administration in response to domestic judicial issues involving Bolsonaro.
Lula stated the US attempts to portray Brazil negatively during tensions, highlighting, 'Every time the US decides to fight with someone, they paint their rivals as the devil.'
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