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.

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,

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