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, as leaders from both nations expressed a cautious willingness to negotiate in the future.

Trump called the investigation into the former far-right leader of Brazil a “Witch Hunt that should end IMMEDIATELY.”

WASHINGTON/BRASILIA: US President Donald Trump has announced to hit Brazil with steep new tariffs, accusing its government of attacking free speech and unfairly targeting his ally,