The president signaled he would seek to use the threat of steep levies to reorient trade and protect his political allies.

LONDON/NEW YORK >> U.S. consumers face sharp price rises on food staples like coffee and orange juice if the Trump administration sticks to its plan to slap 50% tariffs on all imports from Brazil, traders and experts said today.

US President Donald Trump’s unexpected move to threaten a 50 percent tariff on Brazil risks roiling global commodity markets, disrupting trade on everything from beef to coffee.

President Trump defended former Brazilian President Jair Bolsonaro, who is accused of plotting an attempted coup following his loss in the 2022 election.