Brasilia, Aug. 14 -- Brazil unveiled a package of measures to support exporters hit by a 50 percent tariff imposed by the US government.
The initiative, called "Sovereign Brazil", provides 30 billion reais (about 5.562 billion U.S. dollars) in affordable loans, tax breaks and other measures, prioritizing small businesses and those dealing in perishable foods.
It also facilitates public procurement from affected rural and agro-industrial sectors, modernizes the export guarantee system, and reactivates a program to refund taxes in the production chain.
In a speech during the announcement, Brazilian President Luiz Inacio Lula da Silva rejected the US government's arguments for imposing tariffs on Brazilian products.
"It is important to say ...