US President Donald Trump hiked duties on several goods from Brazil to 50% from 10% earlier this month. Although some sectors were exempted from the steeper levies, the move is still set to hurt industries such as coffee, beef, seafood, textiles, footwear and fruit. The centerpiece of the aid plan is a 30 billion-real ($5.55 billion) credit line via the existing Export Guarantee Fund (FGE), which is managed by state development bank BNDES, according to a statement. The government will also make additional contributions totaling 4.5 billion reais to strengthen some funds supporting aid for smaller companies, it added. The plan extends the timeframe for using tax credits under the "drawback" regime, which reimburses import taxes on inputs used in the production of exported goods.