One of the highest tariffs threatened by President Trump so far is against Brazil, with the president citing a criminal prosecution against Jair Bolsonaro.

Brazil’s President forcefully rebuked Trump after the U.S. leader called the prosecution of Lula’s predecessor, Bolsonaro, a “witch hunt” and hiked tariffs on the Latin American nation.

Brazil believes it can withstand Trump’s 50 percent tariff, and aides to Lula say he is unlikely to shrink from a confrontation with the White House.

They retained their title with a familiar group of players. Five of their six goalscorers at this World Cup — Garrincha, Vava, Pele, Zito and Mario Zagallo — had also won World Cup 1958. Amarildo, the striker who came into the side midway through the tournament and scored three times, is the exception.

Trump pledged to impose tariffs on Brazil at a rate as high as 50%. He accused the country of "attacks" on US tech companies and of conducting a "witch hunt" against the far-right former President Jair Bolsonaro, a longstanding ally who is facing prosecution over his alleged role in a plot to overturn the 2022 Brazilian election.

U.S. President Donald Trump avoided his standard form letter with Brazil, specifically tying his tariffs to the trial of Bolsonaro, who is charged with trying to overturn his 2022 election loss.

Brazilian securities regulator CVM postponed for the second time a shareholder vote on the takeover of poultry and pork processor BRF by beef processor Marfrig , BRF said in a securities filing on Friday.