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President Trump and U.S. Trade Representative Jamieson Greer at the conclusion of the G7 summit in France last month. Photo: Dominika Zarzycka/NurPhoto via Getty Images
The Trump administration said Wednesday it will impose an additional 25% tariff on many Brazilian goods, escalating a trade fight it says is rooted in Brazil's treatment of U.S. companies.
Why it matters: The new policy includes exemptions for key consumer staples like coffee and beef, suggesting the White House is trying to minimize the inflationary impact on American shoppers even as it steps up pressure on Brazil over disputes involving U.S. tech firms, ethanol and more.
