On April 11th, the Portuguese government announced a package plan worth approximately 10 billion euros to cope with the impact of US tariff policies. Portuguese Prime Minister Montenegro stated after the Ministerial Council meeting that the package mainly includes 8.685 billion euros in new financing and 1.2 billion euros in export credit guarantees, aimed at enhancing the competitiveness, export and internationalization level of domestic enterprises to cope with the continued tariff policies of the United States. To promote the internationalization process of Portuguese enterprises, the plan will also allocate 200 million euros to encourage companies to open up overseas markets and expand their international influence. At a press conference held by various industries in Portugal on the same day, the President of the Portuguese Confederation of Enterprises, Armando Monteiro, stated that European rules should not be decided by the United States and that “Portugal does not need to always cater to American policies”.
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