Brazil mulls legal challenges to tariffs as impacts weigh on US consumers | Trade War News

Coffee and beef prices have already surged as tariffs on Brazil are expected to drive them higher.

Brazil is considering a legal challenge against the 50 percent tariffs imposed by President Trump, citing unfair trade practices and expressing indignation over the impact on its coffee and beef exports. As prices rise, including a 14.5 percent increase in coffee and a 1.5 percent increase in beef, major US companies like JM Smucker are reporting significant profit declines.