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.

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

BRASILIA -- The Brazilian government has formally protested the US decision to impose 50 percent import tariffs on all Brazilian exports, effective Aug 1, warning of serious economic consequences and a strain on bilateral relations.

The Trump administration initiated a trade investigation of Brazil on Tuesday, an action President Donald Trump threatened last week as he criticized the country's unfair trade practices and "witch hunt" against his political ally,

A US trade probe suddenly ordered by President Donald Trump on Brazil sent shockwaves through President Luiz Inacio da Silva’s government, according to a senior Brazilian diplomat who described it as an unwarranted threat that has helped to plunge relations to their lowest point in over a century.

The White House concluded that non-tariff methods for punishing Brazil would take too long, two people familiar with the situation said.

Brazil is urgently responding to U.S. President Trump's new 50% tariffs on Brazilian exports. President Lula convened a cabinet meeting to address the issue, while emphasizing diplomatic solutions. Economic and political tensions are heightened as market impacts are already visible in certain sectors,

Brazil Sees Prolonged US Tariff Talks, Minister Says ... The minister stressed Brazil's stance is not to "add fuel to the fire" of the tariff dispute, so it is waiting for the U.S. to outline its ...