Former U.S. President Donald Trump has signed an executive order imposing a 50% tariff on selected Brazilian imports. Brazil responded with warnings of retaliatory measures. As the U.S. is Brazil’s second-largest trading partner after China, the tariff increase could significantly impact its economy. Previously, Trump accused Brazil of targeting U.S. tech firms and harassing former President Jair Bolsonaro. However, several key Brazilian exports have been exempted from the new tariff list.