Brazil unveiled a $5.5 billion support package to aid businesses hit by new US tariffs. President Lula da Silva's plan includes tax breaks and insurance for exporters. Simultaneously, the US imposed visa restrictions on Brazilian officials linked to Cuba's medical program.

The Brazilian government has unveiled a plan to support local exporters affected by U.S. tariffs. President Luiz Inácio Lula da Silva announced a credit lifeline of $5.5 billion as part of

Brazilian total egg exports, including fresh and processed products, rose almost 305% to 5,259 metric tons in July, reflecting strong demand from the United States after its bird flu outbreak, according to data compiled by industry group ABPA on Monday.

Brazil's government unveiled on Wednesday a long-awaited aid package for companies hurt by steep U.S. tariffs, centered on credit lines for exporters and government purchases of products that face greater hurdles in finding alternative markets.

Brazilian President Luiz Inácio Lula da Silva has announced a $5.5 billion aid package in a bid to support exporters hit by a 50 per cent tariff imposed by United States President Donald Trump. Other measures include postponing tax charges for business establishments affected by the high tariffs.

Brazil's President Lula da Silva said the move is supposed to "create new things" out of the crisis resulted by Donald Trump's tariffs. While denouncing Trump, Lula says his country is still ready to negotiate.