Trump, Brazil and tariff
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Trump’s pledge to place a 50 percent tariff on all imports from the South American nation will drive up the prices of coffee — and orange juice.
U.S. President Donald Trump said he plans to impose 50% tariffs on all products from Brazil starting August 1, which could have a sharp impact on South America's agricultural powerhouse.
Brazilian assets face pressure from new US tariffs, but holding broad index trackers may reduce risk amid volatility. See why major Brazilian ETFs are a hold.
The president signaled he would seek to use the threat of steep levies to reorient trade and protect his political allies.
President Donald Trump threatened to add a 10% tariff rate on BRICS-aligned countries. The term first applied to 4 countries but the group expanded.
Brazil's government on Friday (July 11) downplayed the impact of the 50% tariff US President Donald Trump threatened to impose on imports from that coun
Shares of Starbucks and other major US coffee retailers could face higher costs after the Trump administration proposed a sweeping 50% tariff on all imports from Brazil — the world’s largest coffee exporter.