According to the Minister of Finance, measures evaluated to support sectors affected by the 50% tariff do not necessarily imply the primary spending of the government: ‘different instruments of economic policy may be combined’ ‘.
The Minister of Finance, said last Monday (21) that this week will be presented to the President alternatives to face the impact of the 50% rate on Brazilian products announced by the US President, . “Help to the harmed sectors can be within the contingency plans,” he told the radio CBN. By admitting that the government already considers the possibility of persistence of tariff -the nomination of the US government is that the measure will come into force on August 1 -the minister repeated that the government is seeking dialogue primarily. “We have contingency plan for any decision, but we will never leave the negotiations.”
By announcing additional 50% rates on any Brazilian product, Trump used political reasons to justify the imposition, especially the lawsuit against former President Jair Bolsonaro in the Brazilian judiciary. Lula has already defended using the economic reciprocity law against the US. According to Haddad, the measures under study to help sectors eventually impaired with the 50% rate do not necessarily imply primary spending on the government. “Different instruments of economic policies can be combined.” Asked about the possibility of creating a credit line, for example, the minister only stated that the contingency plan considers instruments of “support for unjustly affected sectors”, such as fish, repeating that Brazil seeks dialogue with the US.
“Formal US communications are being made by competent channels, not by Twitter (X),” Haddad said, in reference to the fact that Trump has used social networks (more specifically Truth) to publicize acts or criticize political opponents. The Brazilian Association of Pescados Industries (Abipesca) only requested the release of R $ 900 million in emergency credit in a Lula sent to Lula. Still during the interview, Haddad stressed that the government will not adopt any retaliation against US companies or individuals. “American companies and citizens will be treated with dignity, we will not pay in the same coin.”
At the end of the day, the executive secretary of the Ministry of Finance, Dario Durigan, said the plan is ready, but “still needs to be validated with the president (Lula).” “It is a general plan in the hypotheses for jobs, from punctual aid to companies,” he said. Asked if, at the level, there is an indication of preferred sectors, replied that the priorities are being mapped by the government -mounted committee to discuss the effects of tariff.
*With information from Estadão Content
