Brazil Fast-Tracks R$1.6 Billion in Export Loans After U.S. Tariff Shock

When Washington abruptly lifted duties on most Brazilian imports to an overall 50 percent starting August 6, Brasília moved just as quickly. Brazil’s state development bank, BNDES, approved R$1.6 billion ($302 million) in accelerated credit for 47 companies, aiming to keep factories running and orders alive while exporters redirect sales away from the United States. […]