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Investing.com -- Brazil’s government has temporarily set aside plans for direct retaliation against steep U.S. tariffs taking effect this week, focusing instead on a relief package for industries most affected by the levies.
The Brazilian government is prioritizing immediate support for exporters through public credit lines and export finance assistance, according to Reuters, citing sources familiar with the strategy who requested anonymity to discuss confidential deliberations.
Wide-ranging exemptions in U.S. President Donald Trump’s executive order last week spared some of the most vulnerable sectors of Latin America’s largest economy, bringing relief to many investors and business leaders.
This has made Brasilia cautious about responding with reciprocal tariffs or other retaliatory measures that could escalate tensions with Washington.
One government official indicated that talks with the U.S. are expected to be slow and complex, which has influenced Brazil’s decision to focus on domestic relief measures first.
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