Following Trump’s 50% tariff hike on Brazilian goods, a decree creates fast-track process for countermeasures against countries targeting Brazilian interests.

BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva will sign on Monday a decree setting criteria for his government's response to foreign trade measures hurting the Brazilian economy, his chief of staff Rui Costa told journalists in Brasilia.

Prosecutor-General Paulo Gonet said former Brazilian President Jair Bolsonaro sought to destroy the "democratic order" after his 2022 election defeat to Luiz Inacio Lula da Silva. Bolsonaro has denied the charges.

Brazilian President Luiz Inácio Lula da Silva has visited former Argentine President Cristina Fernández de Kirchner at her home.

Lula said he will be forced to trigger Brazil's economic reciprocity law, approved by Congress, if the US fails to negotiate. He said, “If there’s no negotiation, the reciprocity law will be put to work.

BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Tuesday his country aims to triple trade flows with India from $12 billion last year "in the short term," without giving a more specific time frame.

The 50% tariffs proposed by Donald Trump could cut Brazil's gross domestic product by between 0.3 and 0.8 percentage points in 2025, according to Brazilian economists and consulting firms.

Donald Trump said the US has reached a trade deal with Indonesia that will result in goods from the south-east Asian nation to the US being hit with a 19 per cent tariff and Jakar