President Donald Trump is threatening to impose a 50% tariff on Brazil, the world’s largest coffee producer and the source of 30% of U.S. coffee imports.

Trump’s tariffs spark a nationalist reaction in Latin America. Is the U.S. president a godsend for the region’s leftist leaders?

According to the National Coffee Association, an estimated two-thirds of American adults drink coffee each day – and now, it could get more expensive by Aug.1.

WASHINGTON/BRASILIA, July 9 (Reuters) - U.S. President Donald Trump said on Wednesday the U.S. would impose a 50% tariff on all imports from Brazil after a spat this week with his Brazilian counterpart who called him an unwanted "emperor."

The U.S. tariff rate may have dropped significantly from its spring high — a truce in the U.S.-China trade war is set to expire on Aug. 12 — but continues to shape the forthcoming holiday period. Manufacturing activity is way down from a year ago for small- and medium-sized U.S. toy companies, Ahearn said.

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

But how will tariffs impact grocery store prices? ... The top source of cacao is the Ivory Coast, with a reciprocal tariff rate of 21%. Brazil follows closely behind.