Brazil Strikes Back: $5.5B Countermeasures to US Tariffs — What It Means for Global Trade 🌍📈
Brazil has officially unveiled a $5.5 billion “Sovereign Brazil” package to shield its exporters from the heavy blow of new U.S. tariffs — a move that signals rising trade tensions between two of the world’s largest economies.
🔍 What Happened?
The U.S. imposed steep tariffs on Brazilian goods, impacting key exports like coffee, beef, and industrial products.
In response, President Luiz Inácio Lula da Silva launched a relief plan with credit lines, tax breaks, insurance support, and domestic purchase incentives to protect local industries.
While no direct retaliatory tariffs were imposed yet, Brazil filed a WTO complaint and began expanding trade ties with Asia and the Eu
