Trump, Brazil and tariff
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10hon MSN
President Donald Trump’s threat to boost import taxes by 50% on Brazilian goods could drive up the cost of breakfast in the United States. The prices of coffee and orange juice — two staples of the American morning diet — could be severely impacted if there's no agreement by Aug.
The president signaled he would seek to use the threat of steep levies to reorient trade and protect his political allies.
1don MSN
One of the highest tariffs threatened by President Trump so far is against Brazil, with the president citing a criminal prosecution against Jair Bolsonaro.
32m
Investor's Business Daily on MSNDow Jones Futures: Stocks Hold Up Amid Trump Tariffs, But Growth Woes Worrisome; Google, AMD Near Buy PointsDow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. President Donald Trump's renewed tariff hike push is in focus, while inflation reports could show a bigger tariff impact.
Starbucks Could Take a Hit From 50% Brazilian Tariffs. The Cost of Coffee Beans Will Rise. The Trump administration threat of a 50% tariff on all Brazil imports will hit a variety of American companies. That includes coffee chain Starbucks, which imports a lot of coffee beans from Brazil.
Trump’s move deepens a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance.
Money managers from Aberdeen Group Plc to Franklin Templeton are staying bullish on Brazil, betting the country will withstand its unexpected turn in the epicenter of Donald Trump’s trade war. One reason: The fairly closed Brazilian economy,
President Donald Trump doesn't like his new nickname 'TACO'. Here's why people are calling Trump TACO and the meaning behind the TACO trade acronym