Brazilian President Luiz Inacio Lula da Silva said Wednesday that his country will respond with reciprocity to U.S. President Donald Trump 's newly announced 50% tariff rate on his country's exports, citing a newly adopted Brazilian law that authorizes the government to take proportional countermeasures.

Brazilian President Luiz Inácio Lula da Silva said that Brazil would not accept trade demands from President Donald Trump, describing recently announced tariffs as "unacceptable blackmail."

Brazils Vice President Geraldo Alckmin stated Monday that the country is still awaiting a response from Washington regarding a trade proposal made two months ago, following U.S. President Donald Trumps announcement of

Following Trump’s 50% tariff hike on Brazilian goods, a decree creates fast-track process for countermeasures against countries targeting Brazilian interests.

National Economic Council Director Kevin Hassett defended Donald Trump’s newly unveiled 50% tariff against Brazil on ABC News' "This Week."

President Lula announced a new interministerial committee to coordinate trade countermeasures after US President Trump imposed a 50% tariff on Brazilian imports, citing political disputes involving Bolsonaro.

He met with executives from Brazil and the US to discuss the tariffs imposed by Trump on Brazilian products as well as the trade investigation against Brazil launched by the US.

President Trump has taken an unconventional approach to trade negotiations by sending form letters to foreign leaders.

When U.S. President Donald Trump linked 50% tariffs on Brazil to the trial against his ally, the country's former far-right leader, Washington left Latin America's largest economy with few options to deescalate but may have overestimated the country's vulnerability to the levies.

NATO chief Rutte had warned India, China and Brazil of 100 per cent secondary tariffs if they continued buying crude oil from Moscow.