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.

Brazil's President Lula declined a call with Trump after new tariffs were imposed, opting to connect with BRICS allies instead. He criticised the tariffs as unjustifiable and emphasised Brazil's reduced dependence on the US,