National Economic Council Director Kevin Hassett defended Donald Trump’s newly unveiled 50% tariff against Brazil on ABC News' "This Week."

Kevin Hassett, a top economic advisor to President Trump, was out defending the administration's threat of a 50% tariff on imports from Brazil. The U.S. has a trade surplus with Brazil, in contrast to

Trump’s pledge to place a 50 percent tariff on all imports from the South American nation will drive up the prices of coffee — and orange juice.

President Donald Trump’s threat to boost import taxes by 50% on Brazilian goods could drive up the cost of breakfast in the United States. The prices of coffee and orange juice — two staples of the American morning diet — could be severely impacted if there's no agreement by Aug.

Coffee prices are expected to surge as US President Trump announced a 50% tariff on all imports from Brazil, the world's leading coffee producer.

US president’s letter to Brazilian counterpart mentioned trade deficit. But don’t be fooled, these tariffs are political rather than economic.

Brazilian President Lula da Silva vowed to trigger Brazil's reciprocity law if negotiations with the U.S. fail.

The European Union is preparing to step up engagement with other countries hit by President Donald Trump’s tariffs following a slew of new threats to the bloc and other US trading partners.

"We're very unhappy with Russia," President Donald Trump said during an appearance with NATO Secretary-General Mark Rutte at the White House. He said he'd put a 100% tariff on Russia if a deal isn't reached within 50 days.

Concern over US President Donald Trump’s intensifying trade war sent US stock futures lower, while Treasuries also fell. Trump’s weekend threat to impose 30% tariffs on the European Union and Mexico is testing market resilience,

Analysts said the muted market response was because many investors expected the levies to settle at lower levels after negotiations.