Brazilian companies hit by US tariff hike to have BRL 18.5B in aid

On the day the new US tariff hike took effect, the Brazilian government announced a new support package for companies in the country. Dubbed Sovereign Brazil Plan 3 (Plano Brasil Soberano 3 in the original), the initiative provides BRL 18.5 billion in credit lines with subsidized interest rates for exporters and sectors considered strategic to the economy, such as critical minerals and agribusiness. The program also aims to benefit businesses affected by international conflicts. The…