The National Bank for Economic and Social Development (BNDES) approved R$1.6 billion in credits for companies affected by tariffs imposed by the United States government to seek new markets. On average, the time between analysis and approval of projects in the Sovereign Brazil Plan was 18 days, below the 60 days usual in the institution. 
American President Donald Trump signed on July 30 the executive order that instituted a 50% tariff on Brazilian products in the United States from August 6th.
The measure was accompanied by a list of exemptions of almost 700 items, with relief for sectors such as orange juice and aircraft manufacturing. Around 3,800 Brazilian items are subject to a 50% surcharge.
BNDES approved 47 operations in the Giro Diversification line, to search for new markets, with emphasis on coffee exports, worth R$ 108.9 million; sugar, R$220 million; electrical equipment, R$191.1 million; other food, R$249.7 million, and utensils, R$79.5 million.
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The operations target exports to Switzerland, the United Kingdom, Canada, France, Argentina, Bolivia, Ecuador, Chile, Paraguay, the Dominican Republic and Uruguay.
“The agility in approving projects for companies to seek new markets is the result of the commitment of BNDES employees to respond to President Lula’s call not to leave any company behind. Another 66 operations, along the same lines, are under analysis at the bank, totaling over R$2 billion in projects”, explained BNDES president, Aloizio Mercadante.
