Tax & Spend

Brazil Unveils Relief Package to Blunt Impact of US Tariffs

Buildings on Faria Lima Avenue in the financial district of Sao Paulo.
Photographer: Victor Moriyama/Bloomberg

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By Beatriz Reis and Martha Beck

August 13, 2025 at 5:14 PM UTC

Updated on

August 13, 2025 at 6:48 PM UTC

Brazil’s government on Wednesday rolled out a long-awaited relief package including 30 billion reais ($5.6 billion) in credit to support local companies hit by Donald Trump’s trade tariffs.

The plan incorporates a measure allowing affected businesses extra time to pay their taxes. It also includes a comprehensive overhaul of the Export Guarantee Fund, which is controlled by the state development bank BNDES and is designed to cover risks in export-related credit operations.