President Trump plans to levy a 50% tariff on all goods from Brazil — the source of about 30% of U.S. coffee imports. This looming tariff threat has sent shock waves through the U.S. coffee industry.

Brazil's Finance Minister Fernando Haddad said on Monday that negotiations with the United States are ongoing.

Police in Brazil swooped on the home and political headquarters of Jair Bolsonaro early Friday, searching the properties and ordering the former president to wear an electronic ankle tag. The right-winger and ally of US President Donald Trump was also barred from speaking to foreign officials or approaching embassies,