*Brazil’s state development bank (BNDES) has approved the release of R$1.6bn (US$292.4m) in credit for companies affected by the steep US tariffs which have been in force since 6 August. This comes amid the government’s plan unveiled in mid-August to mitigate the impacts of the tariffs. These latest credit lines will prioritise helping Brazilian firms to boost exports to other countries such as Switzerland, the UK, Canada, and France, as well as Latin American trade partners such as Argentina, Bolivia, Ecuador, Chile, Paraguay, Uruguay, and the Dominican Republic. The main sectors that will benefit include the coffee industry, which is being offered R$108.9m in credit, sugar producers (R$220m), electronic equipment manufacturers (R$191.1m), and other food producers (R$249.7m).
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