Brazil enacts Provisional Measure 1.379/2026 for Brasil Soberano 3 industrial policy
The Brazilian government has immediately enacted Provisional Measure 1.379/2026 to launch the 'Brasil Soberano 3' plan. While specific details of the policy's scope remain limited, the measure signals a continued state-led industrial development strategy under the current administration.
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Brazil-US Trade Friction Amidst Brazilian Industrial Policy Shift
Brazil is actively pursuing a state-led industrial development strategy ('Brasil Soberano 3') and diversifying export markets in response to confirmed US trade restrictions. Concurrently, the Brazilian government is evaluating a formal WTO dispute against the US, signaling potential escalation in bilateral trade relations. The impact of US tariffs is also influencing Brazilian domestic politics, potentially bolstering President Lula's standing.