Brazilian President Luiz Inácio Lula da Silva hit back on Monday at recent threats from U.S. President Donald Trump to impose tariffs on countries that align themselves with BRICS.

Brazilian President Luiz Inacio Lula da Silva said Wednesday that his country will respond with reciprocity to U.S. President Donald Trump 's newly announced 50% tariff rate on his country's exports, citing a recently adopted Brazilian law that authorizes the government to take proportional countermeasures.

By Nandita Bose, Bernardo Caram and Gabriel AraujoWASHINGTON/BRASILIA/SAO PAULO (Reuters) -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,