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Home > World Business Report > Brazil offers $5 billion for companies hit by tariffs
Podcast: World Business Report
Episode:

Brazil offers $5 billion for companies hit by tariffs

Category: Business
Duration: 00:26:28
Publish Date: 2025-08-13 22:04:00
Description:

Brazil's President Luiz InĂ¡cio 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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