Trump, Brazil and tariff
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Brazil's economic growth will stay on track despite the imposition of U.S. tariffs, according to a Reuters poll of economists, but inflation appears at greater risk of worsening if trade negotiations flounder.
President Trump plans to levy a 50% tariff on all goods from Brazil — the source of about 30% of U.S. coffee imports. This looming tariff threat has sent shock waves through the U.S. coffee industry.
Brazil's Finance Minister Fernando Haddad said on Monday that negotiations with the United States are ongoing.
BRASILIA (Reuters) -Brazil will establish a tax advisory office in China, the Brazilian Finance Ministry said, highlighting the strategic importance of the move as the two nations deepen their ties. The decision underscores Brazil's growing focus on its relationship with China,
Brazil’s attorney general is seeking a probe into possible insider trading in the country’s currency markets around the announcement of US tariffs on Brazilian goods.The request follows local media reports of significant foreign exchange transactions before and after the official tariffs announcement,
Thomas Morsanutto, owner of Silvermine Coffee Roasters in Norwalk. Tariffs on imports from Brazil will mean increased prices on Brazilian coffee beans which will translate to increased prices for coffee drinkers. Thursday, July 17, 2025, Norwalk, Conn.
Brazil is Florida’s biggest international trading partner for buying what the Sunshine State sells, and tariffs might make orange juice prices soar.
President 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.
Brazilian state-run oil firm Petrobras may redirect the oil it sells to the United States, sending more to Asia and Pacific markets due to higher tariffs the U.S. announced on Brazil, its chief executive told Reuters on Thursday.