Brazilian Finance Minister Fernando Haddad said on Thursday a contingency plan in response to higher U.S. tariffs will be presented to President Luiz Inacio Lula da Silva from Monday and will include a menu of measures,

Johanna Foods launches lawsuit over potential $70m hit to business arising from president’s levies on exports from South America’s biggest citrus producer

(Bloomberg) -- Brazil’s president, Luiz Inacio Lula da Silva, had just returned to his office from a meeting with Indonesia’s prime minister when the reports began blaring on TV. Donald Trump was threatening to impose 50% tariffs on Brazil if its ...

Orange juice prices in the U.S. are already high. The suit argues that the tariff would lead to retail price hikes of up to 25 percent.

President Donald Trump’s tariffs on Brazil could push up the cost of orange juice at major American supermarkets like Aldi, Walmart and Wegmans by as much as 25%, according to one US-based orange juice importer.

A Supreme Court judge ordered an investigation into potential insider trading in Brazil’s currency markets around the announcement of US tariffs on Brazilian goods.

The Brazil Tariff will result in a significant, and perhaps prohibitive, price increase in a staple American breakfast food," one U.S. small business says in a lawsuit.

BRASILIA (Reuters) -Brazilian Vice President Geraldo Alckmin said on Thursday that he had reiterated his country's willingness to negotiate proposed U.S. tariffs on imports from Latin America's No. 1 economy during a conversation on Saturday with U.S. Commerce Secretary Howard Lutnick.