Donald Trump said on Wednesday he would impose 50% tariffs on Brazil, a dramatic increase that followed the US leader’s intense vocal criticism of the foreign and domestic policies of leftist President Luiz Inacio Lula da Silva.

President Donald Trump said at least seven countries can expect tariff letters on Wednesday morning, as he ramped up pressure on nations to strike deals with the United States by saying his new August 1 deadline would not be extended.

U.S. President Donald Trump said on Tuesday the U.S. would "pretty soon" charge a 10% tariff on imports from BRICS countries, drawing another complaint from Brazil President Luiz Inacio Lula da Silva,