U.S. prices could surge if Trump's Brazil tariffs stick

Brazil’s President Luiz Inacio Lula da Silva attends a joint press conference with Chinese President Xi Jinping (not pictured) at the Great Hall of the People in Beijing, China, Tuesday, May 13, 2025. (Tingshu Wang/Pool Photo via AP) LONDON/NEW YORK — U.S. consumers face sharp price rises on food staples like coffee and orange juice if the Trump administration sticks to its plan to slap 50 per cent tariffs on all imports from Brazil, traders and experts said on Thursday. U.S. President Donald Trump launched new tariffs on Wednesday which included raising duty on Brazilian imports to 50 per cent…