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The Sovereign Brazil Plan has already released R$7.6 billion in credit to companies impacted by the tariff hikes imposed by the United States, according to data released this week by BNDES. This amount corresponds to 535 operations, benefiting 134 large companies and 401 micro, small and medium-sized enterprises (MSMEs).
Impact of the American tariff increase
Between August and October 2025, Brazilian exports to the US fell by approximately US$2.5 billion, a drop of 25% compared to the same period of the previous year. Sectors such as crude oil, frozen beef, eucalyptus pulp, raw iron, and refined sugar were the most affected.
Details of the approved loan
The states that have benefited the most so far are São Paulo (R$ 2.2 billion), Rio Grande do Sul (R$ 1.2 billion), Santa Catarina (R$ 1.1 billion), and Paraná (R$ 900 million). There is also R$ 2.1 billion in credit under analysis, totaling R$ 9.7 billion in requested resources.
Expansion of the program
The federal government has broadened the program's criteria, including suppliers of exporting companies among the beneficiaries. The change was approved by the National Monetary Council (CMN) and aims to facilitate access to credit by reducing the minimum percentage of revenue linked to sales affected by the tariffs from 5% to 1%.
Positions of the parties
- BNDES: The president of BNDES, Aloizio Mercadante, stated that the expectation is to accelerate the disbursements after the changes announced by the government.
- Secretariat of Economic Policy (SPE): The general coordinator of Economic Projections, Rafael Leão, highlighted that the Sovereign Brazil Plan has been crucial in protecting production chains and jobs, as well as diversifying markets.
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