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

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

Brazil currently faces 50 percent tariffs on many of its US exports, as a result of its prosecution of Jair Bolsonaro.

Brazil considers retaliatory trade measures against US tariffs, including reciprocal tariffs, under Economic Reciprocity Law, amid impasse in relations.