24-July-2026
Corporate News
 
Brazil to Provide $3.7 Billion in Credit for Firms Hit by US Tariffs
23-Jul-2026

The Brazilian government announced 18.5 billion reais ($3.66 billion) in financing for companies hit by the new U.S. tariffs valid as of Wednesday, adding the resources will also target firms hurt by international conflicts. In a statement, the administration of President Luiz Inacio Lula da Silva said 13.5 billion reais in credit will come from the Treasury, while state-run development bank BNDES will provide the remaining 5 billion reais.

News Source:- https://money.usnews.com/investing/news/articles/2026-07-22/brazil-to-provide-3-7-billion-in-credit-for-firms-hit-by-us-tariffs
 
 
 

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