Coffee and beef prices have already surged as tariffs on Brazil are expected to drive them higher.
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Brazilian officials are considering a legal challenge to the steep tariffs imposed by United States President Donald Trump.
On Wednesday, Brazilian Finance Minister Fernando Haddad told the news portal UOL that the South American country might head to US courts to challenge the legality of the 50 percent tariffs on Brazilian goods this month.
“We will go to court if needed,” Haddad said.
