What is the total funding amount and source breakdown for Brazil's 'Sovereign Brazil III' tariff relief program, and which sectors—including chemicals—are explicitly covered?

The 'Sovereign Brazil III' program makes available R$18.5 billion ($3.6 billion) in financing lines, with R$13.5 billion coming from the National Treasury and R$5 billion from BNDES’s own resources. Beneficiaries include companies affected by US tariffs under both Section 232 (steel, aluminum, cars, furniture) and Section 301 (wood, machinery, electrical equipment, ceramics, plastics, footwear, paper, sugar), as well as exporters harmed by international conflicts—especially those trading with Gulf states like Saudi Arabia and the UAE—and sectors deemed strategic for the trade balance, including fertilizers, critical minerals, chemicals, pharmaceuticals, textiles, and electronic equipment.

How much annual financial impact do the latest US tariffs have on Brazil’s chemicals sector, and what specific products are most affected?

According to Abiquim, the latest round of US tariffs will cost Brazil’s chemicals sector $133 million annually, despite the US holding a $9 billion trade surplus in chemicals; only 42% of tariff codes are exempt, hitting paints, textiles, and detergents hardest.

Brazil chemicals sector backs new tariff relief fund, demands faster red tape easing – Abiquim

Jul 30, 2026

Brazil's chemical trade group Abiquim supports the government's $3.6 billion tariff relief fund but urges faster regulation to ensure funds reach firms. The initiative aims to mitigate $133 million in annual losses from US tariff hikes on chemical exports.

icis

2026-07-30

Brazil chemicals sector backs new tariff relief fund, demands faster red tape easing – Abiquim

Brazil chemicals sector backs new tariff relief fund, demands faster red tape easing – Abiquim

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