Brazilian President Luiz Eneasio Lula Da Silva on Wednesday announced a plan to support exporters affected by up to 50% of the country on several products in the country.
The scheme offers a credit of 20 billion Recycis ($ 5.5 billion; € 4.7 billion), which is to support exporters.
Other measures included in the plan include postponing tax charges for tariff affected businesses, which encourages the purchase of locally produced goods that can be exported to the US.
Lula said, “When there is a crisis, we cannot be afraid, nervous and worried.”
“A crisis is for us to bring new things to life.”
Lula said that the Trump administration did not exist “the reasons for killing Brazil with a tattiff of up to 50%.”
What is behind Trump’s tariff on Brazil?
While the Trump administration announced a wide TAFT on many countries around the world, Brazil was eventually taken out with the highest levy up to 50%.
Trump said that the legal status of additional tafs his colleague was the reaction of the far-flung populist former President Zayer Bolsoro.
Bolsono is currently under the arrest in the house on allegations that he conspired for a coup after losing the 2022 presidential election.
Lula did not put back on the field for tafs, saying that every time the US decides to “fight with someone”, they portray their rivals as devils.
Lula said, “Now they want to talk about human rights in Brazil … We have to see what happens in the country accusing Brazil.”
The US President supported a claim that his Bolsonaro is prosecuted for an attempt to overturn his 2022 electoral loss, stating that the current leftist government “violates human rights”.
Lula calls for conversation
Lula responded to the claims, stating that Brazil’s judiciary is independent, the country’s Finance Minister Fernando Hadad said that Brazil has been approved to be more democratic than its aggressive. “
The Brazilian leader has so far avoided the implementation of high taff on American imports, saying that he is not interested in “deteriorating our relations with the US”.
“We like to talk,” said Lula.
“We don’t want to struggle. I don’t want to struggle with Uruguay, Venezuela, or even America, which we need to demand only one thing, this is that our sovereignty is untouchable, and no one should answer what we should do.”
Edited by: ZAC Crellin
