The Brazilian government has unveiled a plan to support local exporters affected by U.S. tariffs. President Luiz Inácio Lula da Silva announced a credit lifeline of $5.5 billion as part of

Brazil's President Lula da Silva said the move is supposed to "create new things" out of the crisis resulted by Donald Trump's tariffs. While denouncing Trump, Lula says his country is still ready to negotiate.

Brazil's Lula announced a $5.5 billion credit package to aid exporters hit by Trump's 50% tariffs, offering tax relief, insurance support and incentives to counter what he called baseless US trade sanctions.

BRASILIA (Reuters) -Brazil's government unveiled on Wednesday a long-awaited aid package for companies hurt by steep U.S. tariffs, centered on credit lines for exporters and government purchases of products that face greater hurdles in finding alternative markets.

Brazil's President Luiz Inacio Lula da Silva on Tuesday said his government would provide 30 billion reais ($5.55 billion) in credit as part of a plan to support companies that export goods and are affected by steeper tariffs imposed from Washington.

Brazil announced a package of roughly $5.6 billion in credit and support to help its exporters navigate new U.S. tariffs after Washington