President Donald Trump singled out Brazil for import taxes of 50% on Wednesday for its treatment of its former president, Jair Bolsonaro, showing that personal grudges rather than simple economics ...

“Proposed Brazilian tariffs of 50% are nonsensical. The U.S. runs a surplus with Brazil,” said economist Eric Rosengren, former president of the Federal Reserve Bank of Boston.

The letter said that goods shipped to the U.S. from Brazil will face a 50% tariff starting August 1, significantly higher than the 10% tariff currently imposed on the country's goods.

The 50% proposed tariff on Wednesday is a massive jump from the 10% tariff Trump announced for Brazil on April 2. It is also seemingly not intended to correct a trade deficit — in 2024, the U.S ...

Not Brazil. Not Brazilian President Lula. This new 50% tariff is an existential threat to importers like me," said Steve Walter Thomas, chief executive of U.S.-based importer Lucatelli Coffee.

Mr. Trump said he would apply a 50 percent tariff on all Brazilian imports starting Aug. 1. If Brazil retaliated with its own tariffs, Mr. Trump said he would tack on additional tariffs.

Coffee prices are on the rise after President Trump announced a sweeping 50% tariff on imports from Brazil. AP London robusta futures, the global benchmark for the cheaper coffee variety, reached ...

Brazilian President Luiz Inácio Lula da Silva said Thursday that he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import ...

Nobel Prize-winning economist Paul Krugman believes tariffs President Trump has threatened to impose on countries, including Mexico and Brazil, are here to stay and will cost U.S. consumers.

"Proposed Brazilian tariffs of 50% are nonsensical. The U.S. runs a surplus with Brazil," said economist Eric Rosengren, former president of the Federal Reserve Bank of Boston.