Lula today announces contingency plan to cushion ‘tariff’

Congress presidents will be present. The president commented yesterday that he will invite the presidents of the House, Hugo Motta (Republicans-PB), and Senate, David Alcolumbre (Brazil-AP Union), for the ceremony. The president gave an interview yesterday to the BandNews TV channel.

According to Haddad, the whole text was defined at a meeting between Lula and Ministers of the Government summit earlier this week. Participated in the meeting of about two hours Haddad, Gleisi Hoffmann (Institutional Relations), Rui Costa (Civil House), Mauro Vieira (Foreign Relations), and Union Attorney General Jorge Messias.

R $ 30 billion is just the beginning. You can not put more (features) if you don’t know how much it is (the total impact). There will be a credit policy where we are thinking of helping mainly small businesses, the people who export tilapia, who exports fruit, who exports honey and other things. So we will approve tomorrow, and I think it will be extremely important so that we can show that no one will be helpless because of the taxation of the president (American, Donald) Trump.
President Lula, in an interview with BandNews

Know the measures that can be announced

One of the ideas studied is precisely the creation of lower interest lines for affected companies. These lines would be released by Banco do Brasil’s FGO (FGE (FGE (Export Guarantee Fund), BNDES (National Bank for Economic and Social Development).

It was also being adventured that the government could buy part of the goods that are not exported to the US. The Union would use the PPA (Food Acquisition Program) and the National School Feeding Program (PNAE) to buy part of the production that will no longer enter the US. Fruits and fish acquired in this way could supply public schools, for example.