Brazilian President Lula da Silva vowed to trigger Brazil's reciprocity law if negotiations with the U.S. fail.

Brazil's government on Friday downplayed the impact of the 50% tariff U.S. President Donald Trump threatened to impose on imports from that country, as leaders from both nations expressed a cautious willingness to negotiate in the future.

By slapping a 50% tariff on Brazil for its criminal investigation of Bolsonaro, the Trump administration is brazenly putting its fingers on the scales of a key foreign election