Brazil offers $5 billion for companies hit by tariffs

巴西向受关税影响的企业提供50亿美元援助

World Business Report

2025-08-14

26 分钟
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Brazil's President Luiz Inácio Lula da Silva says more than $5 billion in credit will go to companies which face 50 per cent tariffs to export goods to the US. The US Treasury Secretary, Scott Bessent, says a controversial deal that the White House struck with chipmakers Nvidia and AMD, handing over 15% of their Chinese sales in return for export licences, could be rolled out to other industries. Startup companies in the US have started a no-shoes-in-the-office policy, meaning that you take your shoes off when you come into the office and wear optional slippers.
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  • Hello and welcome to World Business Report from the BBC World Service.

  • I'm Leanna Byrne and on this edition,

  • Brazil is rolling out a multi-billion dollar rescue plan after the US slapped tariffs of up to 50% on some of its exports.

  • Also,

  • remember that controversial deal we've been talking about that forced NVIDIA and AMD to hand over a cut of their Chinese sales to the US Treasury?

  • Well, this could be copied in other industries.

  • And would you take your shoes off?

  • Shoes off at work.

  • We'll find out why some US tech startups are going shoeless in the office.

  • But first, let's start with Brazil.

  • Because when it comes to US tariffs, Brazil is one of the hardest countries hit.

  • So it's just come up with a plan to help companies after the United States slapped import tariffs as up to 50%.

  • So here's the plan.

  • Brazil's president, Lula da Silva,

  • says more than $5 billion in credit will be made available to affected companies and has agreed to buy the goods.

  • made by firms that had their contracts suspended since the tariffs came in earlier this month.

  • The Trump administration's linking the tariffs to what it calls restrictions on free speech and the trial of former President Jair Bolsonaro over an alleged coup attempt in 2023.

  • President Bolsonaro is a good man.

  • I've gotten to know a lot of prime ministers and presidents and kings and queens and I know him and I'm pretty good at this.

  • President...