Brazil has unveiled a plan to back domestic firms hit by a 50-per cent US tariff on several of its exports.
The plan’s measures include a credit lifeline of $5.5 billion, postponing tax charges for firms hit, offering $930,000 in tax credits to SMEs until 2026 end, and expanding access to insurance against cancelled orders.
It also incentivises public buying of items that could not be exported to the US.
The plan’s measures include a credit lifeline of $5.5 billion, postponing tax charges for firms hit, offering $930,000 in tax credits to SMEs until 2026 end, and expanding access to insurance against cancelled orders.
It also incentivises public buying of items that could not be exported to the US.
