While some evidence shows tariffs are pushing up prices for consumers, the economy appears to be mostly healthy.

Brazilian President Luiz Inácio Lula da Silva tells CNN’s Christiane Amanpour in an exclusive interview it was “a surprise” to see President Donald Trump’s letter posted to Truth Social, threatening Brazil with a crippling tariff of 50% starting August 1st.

Brazilian President Luiz Inacio Lula da Silva on Thursday slammed Donald Trump's threat to impose 50% tariffs as "unacceptable blackmail."

One of the highest tariffs threatened by President Trump so far is against Brazil, with the president citing a criminal prosecution against Jair Bolsonaro.

Brazilian President Lula da Silva lashed out at Donald Trump over a 50% tariff on Brazilian imports, saying ‘No gringo is going to give orders to this president.’ Speaking at a student event, Lula slammed US pressure and warned of retaliation under Brazil’s Economic Reciprocity Law.

Trump announced a sweeping 50 percent tariff on all Brazilian exports to the United States beginning Aug. 1. In a letter to Luiz Inácio Lula da Silva, the left-wing leader who defeated Jair Bolsonaro three years ago,

Brazil's leftist leader has condemned Donald Trump over the US threat to impose tariffs on Brazilian goods. Trump says the tariffs are punishment for legal proceedings against conservative ex-President Jair Bolsonaro.

Trump threatened a 50% tariff against Brazil, one of the U.S.’s largest suppliers of green coffee beans, starting Aug. 1.