President Donald Trump plans to impose a 50% tariff on Brazilian imports, which will hit coffee drinkers. The U.S. imports most of its coffee from Brazil. Coffee companies may try to mitigate the impact of the tariff by sourcing from other countries,

Price increases could hit coffee, shoes, appliances and other products following a flurry of tariffs issued by President Donald Trump in recent days, analysts told ABC News. Trump slapped tariffs as high as 50% on dozens of countries,

Volatility in Brazilian assets soared as traders rushed to assess the endgame of President Donald Trump’s threat to impose 50% tariffs on all goods from the South American nation. A measure of one-month swings for the real jumped to the highest since April as the currency went from the worst to the best in emerging markets in the span of an hour.