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Companies Impacted by U.S. Tariff Hike Can Access Brazil Sovereign Credit

Written by Noel Budeguer
Published on 18/09/2025 at 17:01
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Brazilian Exporters Affected by U.S. Tariff Will Have Access to Up to R$ 40 Billion in Credit from the Brazil Soberano Program, with Loans Conditional on Job Preservation

Brazilian exporting companies affected by the tariff of up to 50% imposed by U.S. President Donald Trump can now request financial support from the Brazil Soberano program, which offers up to R$ 40 billion in credit lines.

The announcement was made this Thursday (18) by the National Bank for Economic and Social Development (BNDES), an institution linked to the Ministry of Development, Industry, Trade and Services (Mdic).

The package includes R$ 30 billion through the Export Guarantee Fund (FGE) and another R$ 10 billion in the bank’s own resources. The idea is to provide support to the exporting sector amid the new trade barrier imposed by Washington.

Support Conditional on Job Preservation

The financing can be used for working capital, investments in productive adaptation, purchase of machinery, equipment, and even in opening new markets. According to the president of BNDES, Aloizio Mercadante, the credit is tied to job preservation.

“BNDES will help all companies, but the condition is to maintain jobs so that the economy continues to grow and the country is not harmed by authoritarian, unilateral, and unjustified measures,” he stated.

The move is reminiscent of the bank’s actions in 2024, when it allocated R$ 29 billion to support companies in Rio Grande do Sul affected by floods.

Who Can Access the Resources

The rules indicate that any exporting company can access the program, provided it has at least 5% of gross revenue between July 2024 and July 2025 linked to products affected by the taxation.

In this case, it can access the R$ 30 billion from FGE. The R$ 10 billion from BNDES will be available for businesses of any size, even with a smaller impact on revenue.

The process begins with verifying the company’s eligibility on the BNDES website, using a login with a digital certificate on the GOV.BR platform. Once confirmed, the guidance is to contact the already used partner bank or, in the case of large companies, negotiate directly with BNDES itself.

Effects of the Tariff on Exports

According to Amcham Brazil, exports of Brazilian products affected by the new tariff fell 22.4% in August compared to the same period in 2024.

The United States is currently the second largest trading partner of Brazil, surpassed only by China.

The tariff applies to approximately 35.9% of Brazilian exports to the U.S., according to Mdic. The executive order signed by Trump came into effect on August 6 but left a list of nearly 700 exempt products, including orange juice, minerals, fertilizers, fuels, and civil aircraft.

The U.S. President justified the measure by citing a trade deficit with Brazil, an argument contested by official numbers.

He also linked the decision to the treatment given by the Brazilian government to former President Jair Bolsonaro, who was condemned by the Supreme Federal Court (STF) for attempting a coup d’état.

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Noel Budeguer

Sou jornalista argentino baseado no Rio de Janeiro, com foco em energia e geopolítica, além de tecnologia e assuntos militares. Produzo análises e reportagens com linguagem acessível, dados, contexto e visão estratégica sobre os movimentos que impactam o Brasil e o mundo. 📩 Contato: noelbudeguer@gmail.com

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