Brazilian President Luiz Inácio Lula da Silva says that his government has not been successful in trying to negotiate the 50% tariff on Brazilian imports that U.S.

President Donald Trump’s administration is preparing a new emergency declaration as a basis for tariffs on Brazil, people familiar with the matter say.

U.S. President Donald Trump’s tariff threat against Brazil has sparked political turmoil. Trump linked a 50% import tax to the trial of his ally, Brazil's former President Jair Bolsonaro, calling it a “witch hunt.