Brazilian President Luiz Inacio Lula da Silva on Monday said a trade deal between Brazil and the United States could happen within days, possibly easing punitive tariffs after months of animosity between the two nations.

"I'm convinced that in a few days we'll have a definitive solution, you know, between the United States and Brazil, so that life can continue well and happily," Lula told reporters, on the sidelines of a meeting of Asean ministers in Malaysia.

Lula said his discussions with Trump had gone well and that an agreement would be reached "faster than anyone thinks".

Washington has imposed 50 percent tariffs on Brazilian products in retaliation against the sentencing of former president Jair Bolsonaro.

Lula said recent decisions made by the US against Brazil were "incorrect".

However, he said he would be willing to discuss any issue with Trump and was also willing to help the US on the issue of Venezuela.

"I told him that it was extremely important to take into account Brazil's experience as the largest country in South America, as the most economically important country that has almost all of South America as a neighbour," Lula said. (Agencies)