Trump, Brazil
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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.
Frozen concentrate orange juice futures have risen about 25% since President Trump said late Wednesday that he would impose 50% tariffs on imports from Brazil starting next month. Orange juice fut
His decree regulating the trade reciprocity law, which Brazil's Congress passed in April, should be published in the official gazette on Tuesday, Costa added. Last week, U.S. President Donald Trump said he would impose a 50% tariff on Brazilian exports.
Brazil's chief prosecutor has recommended a guilty verdict in the trial of former president Jair Bolsonaro, who is accused of leading a coup plot that sought to overturn the 2022 election result.
The 50% tariffs proposed by Donald Trump could cut Brazil's gross domestic product by between 0.3 and 0.8 percentage points in 2025, according to Brazilian economists and consulting firms.
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How a Trade War With Brazil Could Brew Trouble for U.S. Coffee Consumers originally appeared on Parade. U.S. coffee drinkers may face some uncertainty in the months ahead, as the Trump administration considers a 50-percent tariff on imports—an action ...
Economist Justin Wolfers is once again attacking President Donald Trump, this time over the latter's 50% tariffs on imports from Brazil.
The pause on the biggest of Trump's tariffs won't end this week, as planned, but the problems they present still loom large.