The leaders spoke for 30 minutes, exchanged phone numbers and Lula reiterated his invitation for Trump to attend the upcoming climate summit in Belem, according to a statement from Lula's office.
Later, Trump posted on Truth Social that he had had a good conversation with Lula.
"We discussed many things but it was mostly focused on the Economy, and Trade, between our two Countries," Trump wrote, adding that the leaders "will be having further discussions, and will get together in the not too distant future, both in Brazil and the United States".
Trump's administration had imposed a 40 per cent tariff on Brazilian products in July on top of a 10 per cent tariff imposed earlier.
Lula reminded Trump that Brazil was one of three G20 countries with which the US maintains a trade surplus.
The US administration justified the tariffs saying that Brazil's policies and criminal prosecution of former president Jair Bolsonaro constitute an economic emergency.
Earlier this month Bolsonaro was convicted of attempting a coup after losing his bid for re-election in 2022 and a panel of the Supreme Court sentenced him to 27 years and three months in prison.
Brazilian Finance Minister Fernando Haddad told reporters in Brasilia after the meeting that the call was "positive" while Vice President Geraldo Alckmin described it as "better than expected" and said he was optimistic that talks between the two countries will advance.
Last month, following a brief encounter at the United Nations General Assembly in New York, Trump said he planned to meet with Lula and highlighted their "excellent chemistry".
with Reuters
