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 Fabio Teixeira, Ricardo Brito and Luciana Magalhaes BRASILIA (Reuters) -President Luiz Inacio Lula da Silva said he wanted to find a diplomatic solution to U.S. President Donald Trump’s threat of 50% tariffs on Brazilian exports,

The Brazilian president prioritizes negotiations in the trade dispute, but announces that if the White House carries out the threat, he will respond with reciprocal levies