If implemented, the sanctions against supreme court justice Alexandre de Moraes would dramatically escalate a widening feud between the United States and Brazil.

Brazil is Florida’s biggest international trading partner for buying what the Sunshine State sells, and tariffs might make orange juice prices soar.

Donald Trump has proposed huge levies on Brazil, prompting an outspoken response from the CEO of Embraer, which builds vital regional airliners.

Commodities traders are rushing to bring Brazilian coffee into the U.S. before a new 50% tariff on Brazilian goods takes effect on August 1. Some traders are rerouting ships mid-journey and skipping planned port stops to ensure coffee shipments arrive before the tariff deadline,

U.S. President Donald Trump introduced 25 per cent tariffs on all imports of steel and aluminum on March 12, and doubled the levies to 50 per cent in early June.

June retail sales data will give investors a look at how tariff-fueled inflation is shaping consumer spending.

U.S. President Donald Trump said Tuesday that a trade deal with Indonesia was reached to set 19% tariffs on its U.S. exports.