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.

President Lula announced a new interministerial committee to coordinate trade countermeasures after US President Trump imposed a 50% tariff on Brazilian imports, citing political disputes involving Bolsonaro.

The White House concluded that non-tariff methods for punishing Brazil would take too long, two people familiar with the situation said.