As U.S. tariffs on Brazilian goods jumped to 50% on Wednesday, Brazil's President Luiz Inacio Lula da Silva told Reuters in an interview that he saw no room for direct talks now with U.S. President Donald Trump that would likely be a "humiliation.

Despite 50% tariffs, new US trade barriers seem unlikely to shake the economy, giving Luiz Inacio Lula da Silva more room to stand his ground.

Brazilian President Luiz Inácio Lula da Silva urges Brics unity to counter US tariffs imposed by Donald Trump. He also accused former President Jair Bolsonaro of inciting the US against Brazil, deepening political tensions.