Brazilian beef exporters could face a $1 billion hit to sales in the second half of 2025 if US President Donald Trump moves forward Friday with a plan to impose 50% tariffs on the country’s exports, according to industry group Abiec,

With Donald Trump's punitive tariffs against Brazil poised to take effect within days, Latin America's largest economy is bracing for a virtual embargo on its planes, grains, and crude oil. Lula promised to apply "reciprocity" if Trump's tariff threat materializes,

Brazilian President Luiz Inácio Lula da Silva said Thursday that his government has not been successful in trying to negotiate the 50% tariff on Brazilian imports that U.S. President Donald Trump has threatened to impose.