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2w ago

Brazil Unveils $5.5 Billion Relief Plan as 50 Percent U.S. Tariffs Kick In

Lula has filed a WTO challenge in an effort to safeguard exporters following Washington’s new duties.

Brazil's President Luiz Inacio Lula da Silva speaks during a signing ceremony to enact the Sovereign Brazil Plan, an aid program to support companies affected by the 50% tariffs imposed on Brazilian products in the United States, at the Planalto presidential palace in Brasilia, Brazil, Wednesday, Aug. 13, 2025. (AP Photo/Eraldo Peres)
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La relación económica entre ambos países se ha visto marcada por una serie de medidas arancelarias y represalias. | Crédito: AP

Overview

  • The 50 percent tariffs on key Brazilian exports, including coffee and meat, took effect on August 7 under President Trump’s reciprocal tariff policy.
  • Brazil’s “Brasil Soberano” package provides US$5.5 billion in credit lines and fiscal support alongside a BRL 30 billion loan facility for affected firms.
  • A scheduled call between Finance Minister Fernando Haddad and U.S. Treasury Secretary Scott Bessent was canceled by the U.S. side.
  • Brasília has initiated a WTO complaint and is considering targeted reciprocity or negotiated carve-outs as it seeks to diversify markets.
  • President Xi Jinping pledged China’s support for Brazil’s sovereignty and confirmed a high-level delegation for COP30 in Belém.