Brazil has launched a $5.5 billion “Sovereign Brazil” package to protect exporters from new US tariffs, offering credit lines, tax relief, and market support while pursuing diplomatic solutions.

The Brazilian government announced on Wednesday a multi-billion-dollar package to support local companies and exporters affected by the U.S. tariffs. The package, dubbed "Sovereign Brazil," offers a credit lifeline of 30 billion reais ($5.

With President Trump on their side, U.S. technology companies now have more leverage in Brazil, where they seek to influence new rules policing their platforms.