President Donald Trump plans to impose a 50% tariff on Brazilian imports, which will hit coffee drinkers. The U.S. imports most of its coffee from Brazil. Coffee companies may try to mitigate the impact of the tariff by sourcing from other countries,

Prices of clothing and shoes are expected to be particularly impacted by the tariffs, Yale University’s Budget Lab found.

By Gabriel Araujo SAO PAULO (Reuters) -Shares of Brazilian planemaker Embraer fell on Thursday after U.S. President Donald Trump said he would impose a 50% tariff on all imports from the South American country.

President Trump is targeting multiple countries with potentially steep tariffs starting Aug. 1 if they don't reach a trade deal with the U.S. CBS News' Jo Ling Kent explains how the uncertainty around tariffs is impacting U.

Price increases could hit coffee, shoes, appliances and other products following a flurry of tariffs issued by President Donald Trump in recent days, analysts told ABC News.

Japan's Fast Retailing, owner of the Uniqlo clothing brand, said on Thursday higher U.S. tariffs would start impacting its U.S. operation significantly from later this year and it planned to raise prices to mitigate the blow.

President Trump's "Liberation Day" tariffs have been pushed back to August 1, but for consumers and businesses, the push is on to avert the potential impacts on their wallets and bottom lines. Tax expert Karla Dennis is Jim's guest on "The Final 5.

US President Donald Trump has been discussing the imposition of higher tariff rates on trade with different countries regarding imports to and exports from the USA, thereby shaking his country's trade relations with various nations around the globe in a rather hush-hush manner.

The Indian rupee is likely to open marginally higher on Thursday, supported by the uptick in Asian peers and muted reaction to U.S. President Donald Trump’s latest tariff announcements. The 1-month non-deliverable forward indicated the rupee will open at 85.

Levi Strauss & Co. jumped in late trading after raising its revenue outlook, with the maker of 501 jeans expecting sales growth to outweigh the effect of President Donald Trump’s tariffs. The company now sees revenue rising between 1% and 2% for the current fiscal year — above the average analyst estimate and up from a previous view that sales would decline 1% to 2%.

This week, the president began sending letters to U.S. trade partners outline what their proposed tariff rates will be.