President Trump on Wednesday said he believed the U.S. was close to securing a ceasefire agreement between Israel and Hamas.

President Donald Trump announced Wednesday he planned to hit Brazil with a 50% tariff, in part due to the treatment of its former president and his political ally, Jair Bolsonaro.

"Any measure to unilaterally raise tariffs will be responded to in accordance with Brazil's Economic Reciprocity Law," Lula's office said in a statement. (Reporting by Ricardo Brito; Writing by Isabel Teles;

President Trump vowed to impose 50% tariffs on imports from Brazil, citing a "witch hunt" of Brazil's former president.

Trump on April 2 proposed a 20% tariff for EU goods and then threatened to raise that to 50% after negotiations did not move as fast as he would have liked, only to return to the 10% baseline. The EU has 27 member states, including France, Germany, Italy and Spain.

In letters so far to 14 countries, including smaller exporters to the United States such as Serbia, Thailand and Tunisia, Trump hinted at opportunities for additional negotiations, even while warning that reprisals would draw a like-for-like response.

Democrats say Republicans have given them a political gift in President Trump’s “big, beautiful bill.” They say they can easily sell the bill to the public as a threat to working-class voters, given its cuts to Medicaid and food assistance programs and significant tax breaks for the ultrawealthy.