U.S. President Donald Trump has tempered his most belligerent trade threats and begun striking deals with major partners, meaning most countries won't face the punishing tariffs announced on 'Liberation Day'.

President Trump’s announcement of a planned 50% tariff on all Brazilian imports has sent shock waves through the U.S. coffee industry. The proposed trade action would significantly impact coffee supplies, as Brazil currently provides approximately 30% of all coffee imported into the United States.