Brazil's National Development Bank (BNDES) plans to assist firms impacted by tariffs, according to Mercadante's statement.

Brazil's National Development Bank (BNDES) plans to assist firms impacted by tariffs, according to Mercadante's statement.

The Brazilian National Bank for Economic and Social Development (BNDES) has not announced specific plans or measures aimed directly at supporting businesses affected by the 50% tariff imposed by Donald Trump on Brazilian exports. Instead, the bank's recent efforts have been focused on raising funds for climate-focused projects with global investors, pursuing carbon certificate programs, and investing in energy transition and decarbonization initiatives.

Aloizio Mercadante, the president of BNDES, has defended the need for the country to work strongly to maintain dialogue and advance negotiations with the United States. He also emphasised the Brazilian government's position to seek new markets and diversify the export portfolio.

In 2014, BNDES allocated R$ 29 billion to help Rio Grande do Sul recover from heavy rains, resulting in an economic growth of 4.9%, the lowest unemployment rate in history (4.1%), and a national growth of 3.4%. This example illustrates BNDES's ability to support businesses in crisis. However, there is no new information about specific support measures for businesses affected by the tariff in the current context.

The tariff, set to take effect on August 1, could severely impact Brazilian exporters, particularly sectors like aerospace (as Embraer faces potential threats due to the tariff hike) and other sectors including oil and gas. Despite these potential challenges, BNDES appears to be concentrating its efforts largely on climate finance and green investments rather than directly addressing tariff-induced business challenges caused by the US trade measures.

If BNDES were to take action in response to the tariffs, those developments have not been publicly reported or detailed in the search results at this time. The Ministry of Finance, along with the Civil House, is coordinating the government's initiatives in response to the tariffs, but the specifics of these initiatives remain to be seen.

[1] Source for BNDES's climate finance efforts: [link to the source] [2] Source for BNDES's carbon certificate programs: [link to the source] [3] Source for potential threats to Embraer: [link to the source] [4] Source for potential impacts on oil and gas sectors: [link to the source]

1. The president of BNDES, Aloizio Mercadante, has called for stronger dialogue and negotiations with the United States, suggesting that the Brazilian government understands the potential impact of politics, such as the tariffs imposed by Donald Trump, on the business sector.
2. Despite the financial struggles faced by businesses as a result of the tariffs, the Brazilian National Bank for Economic and Social Development (BNDES) seems to be focusing on business areas outside of tariff-induced challenges, with a concentration on finance related to climate change and green investments.

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