Trump's 50% tariff on Brazil may be personal – and could cost you at breakfast

Trade Policy & Tariffs - US President Trump imposed tariffs on various countries, with a specific focus on Brazil [1] - The tariff rate set for Brazil is 50%, the highest among the letters issued this week [3] - The 50% tariff is threatened to take effect on August 1st [4] US-Brazil Trade Relations - Despite the tariffs, the US maintains a trade surplus with Brazil, exporting more goods than it imports [3] - Key Brazilian exports to the US subject to the tariff include coffee and orange juice [4] - A 50% tariff on these goods is expected to impact American consumers [3][4] Political Considerations - The tariffs on Brazil appear to be driven by political motivations, including President Trump's disagreement with Brazil's social media laws and his view on the trial of Jaier Balssons [2] - President Trump views the trial of Jaier Balssons as a "witch hunt" [2]