Trump, Brazil and tariffs
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CT Insider on MSNTrump’s Brazil coffee tariff has CT businesses worried about higher prices for U.S. consumersCoffee provides those that drink it with a surge of caffeine to get them started each day, but if President Donald Trump makes good on his threat to impose a 50% tariff on Brazilian imports, getting a jolt of java will likely cost a lot more.
Brazil is Florida’s biggest international trading partner for buying what the Sunshine State sells, and tariffs might make orange juice prices soar.
The 50% tariff that U.S. President Donald Trump plans to impose on Brazilian exports starting in August could hammer the revenue of planemaker Embraer like the COVID-19 pandemic did, its CEO warned on Tuesday,
Embraer SA’s stock sunk to a session low after Chief Executive Officer Francisco Gomes Neto said the aircraft manufacturer could revise its business plan if Donald Trump’s tariffs are implemented.
What are the latest tariffs announced by the US President? How do things stand presently, and why has China been spared in the latest round of levies?
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.
President Donald Trump's plan for a 50% tariff on Brazilian goods is projected to increase beef prices in the U.S., a staple in American diets. The tariff may disrupt trade with Brazil, prompting importers to seek beef from other countries amid declining domestic production and ongoing supply chain challenges.