Brazil launches R$210M export diversification plan to counter US tariffs

ApexBrasil announced a R$210 million Export Diversification Plan to help Brazilian companies in 35 strategic sectors find new markets, focusing on those hit by US tariffs. This follows a ~US$2 billion drop in Brazilian exports in H1 2026, indicating a strategic pivot away from US dependence. The plan's effectiveness in offsetting tariff impacts remains uncertain.