The Federal Government announced on Wednesday (13) the one hit by the 50% tariff imposed by the United States. Named “Brazil Sovereign”, the provisional measure signed by President Luiz Inacio Lula da Silva (PT) provides for a package of at least R $ 30 billion, according to the president himself anticipated the day before.
The announcement occurs a week after the entry into force of the. Washington’s decision was justified with criticism of the Brazilian judiciary, especially Minister Alexandre de Moraes, and the trial of former President Jair Bolsonaro (PL) for attempted coup in 2022, which Planalto considers unacceptable interference with national sovereignty.
Without tariff reciprocity
During the ceremony, Lula stated that Brazil will continue to seek dialogue and will not adopt immediate retaliation measures. “We are not announcing reciprocity, we don’t want to do anything that justifies our relationship worse,” he said, noting that “our sovereignty is untouchable.”
Free tool
XP Simulator
Learn in 1 minute how much your money can yield
“We will continue to insist on negotiation. We do not want conflict. Now what we need to demand is our sovereignty is untouchable,” said Lula.
The president also criticized what he called “American strategy” to create enemies. “Our American friends always want to create an image of demon with whom they want to fight. Brazil had no reason to be taxed and we will not accept any pecha that we disrespect human rights,” he said.
Lula pointed out that the crisis must be viewed as an opportunity for innovation. “What is unpleasant is that the justified reasons to impose tariffs on Brazil do not exist. The crisis exists for us to create new things.”
Continues after advertising
Incentives for exporters
Coordinator of the Brazilian response to tariff, vice president Geraldo Alckmin (PSB) announced the expansion of the Reintegra program, which returns part of the taxes paid by exporters. The measure will apply to all companies: micro and small will receive back 6% of the exported value; The others, 3%.
Finance Minister Fernando Haddad classified the situation as “unusual” and “unjustifiable.” “Brazil is being sanctioned for being more democratic. It is a retaliation without political and economic foundation,” he said.
