U.S. President Donald Trump said on Friday that Brazilian President Luiz Inacio Lula da Silva can call him anytime to discuss tariffs and other friction between the countries.

Brazil President Luiz Inacio Lula da Silva’s defiant response to Donald Trump’s 50% tariff threat was validated Wednesday — at least in the short term — with markets and businesses breathing a collective sigh of relief at the long list of exemptions to the levies.

Brazil’s President Luiz Inácio Lula da Silva said on Wednesday that it was a "sacred day of sovereignty," after U.S. President Donald Trump signed an executive order imposing the threatened 50% tariffs on Brazil.