SAO PAULO — The Brazilian government on Wednesday unveiled a plan to support local companies affected by a 50% tariff imposed by U.S. President Donald Trump on several of the country's exports.

Dubbed “Sovereign Brazil," the plan provides for a credit lifeline of 30 billion reais ($5.5 billion), among other measures.

Hours later, U.S. Secretary of State Marco Rubio announced new sanctions against at least two Brazilian officials, in a move the South American nation's health minister rebuked.

Brazil's President Luiz Inácio Lula da Silva described the plan, which includes a bill to be sent to Congress, as a first step to help local exporters. The leftist leader, whose poll numbers have gone up since the tariffs against his country were announced, once again said he and Trump have never sp

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