Brazilian President Luiz Inácio Lula da Silva said he would not initiate trade talks with President Trump after U.S. tariffs on Brazilian goods spiked to 50 percent on Wednesday. “The day my intuition says Trump is ready to talk,

PM Narendra Modi has spoken with Brazil's President Luiz Inacio Lula da Silva on phone as both countries face 50 per cent tariffs imposed by US President Donald Trump. The 50 per cent duty is the highest of Trump's long list of tariffs for most of America's trade partners.

By Brad Haynes and Lisandra Paraguassu BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva presented himself as a torchbearer for multilateralism in a fractured world in an interview with Reuters on Wednesday,