His decree regulating the trade reciprocity law, which Brazil's Congress passed in April, should be published in the official gazette on Tuesday, Costa added. Last week, U.S. President Donald Trump said he would impose a 50% tariff on Brazilian exports.

By Nandita Bose, Bernardo Caram and Gabriel AraujoWASHINGTON/BRASILIA/SAO PAULO (Reuters) -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,

Brazil’s President forcefully rebuked Trump after the U.S. leader called the prosecution of Lula’s predecessor, Bolsonaro, a “witch hunt” and hiked tariffs on the Latin American nation.