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Brazil: government will announce measures to reduce the price of popular cars this Thursday

The federal government is expected to announce new measures to lower the prices of popular cars.

Credit lines are expected to be offered to the factory sector, tax reductions, an increase in the Nationalization Index for Manufactured Goods, and a vehicle financing program.

The expectation is that fewer taxes will be levied on the automotive sector.

But so far, the government is running counter to this, as FGV Economics professor Rogério Mori explains.

"Sometimes they do stupid things, like wanting to tax import platforms, they wanted to tax betting sites, taxing fuels, even the issues of judicial disputes, looking . . .

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