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Brazil's Lula announces $5.5 billion in credits for exporters hit by US tariffs
SAO PAULO — The Brazilian government on Wednesday unveiled a plan to support local exporters affected by a 50% tariff imposed by U.S. President Donald Trump on several products from the South American nation. Dubbed “Sovereign Brazil," the plan provides for a credit lifeline of 30 billion reais ($5.5 billion), among other measures.
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