12-July-2025
Corporate News
 
Trump's 50% tariff on Brazilian goods like coffee, orange juice could drive up US breakfast costs
12-Jul-2025

President Donald Trump's threat to boost import taxes by 50 per cent 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 August 1. Brazilian beef and regional airliners are also among the products that could be affected by Trump's decision announced Wednesday, which Brazil's President Luiz Inácio Lula da Silva promised on Thursday to reciprocate. Trump's move this time is overtly political, targeting the Brazilian Supreme Court trial of former president Jair Bolsonaro, an ally of his who was charged for his alleged role in trying to overturn his 2022 election loss.

News Source:- https://www.moneycontrol.com/news/business/trump-s-50-tariff-on-brazilian-goods-like-coffee-orange-juice-could-drive-up-us-breakfast-costs-13270458.html