President Donald Trump said the U.S. will impose a 50% tariff on imports from Brazil starting Aug. 1. The massive new trade levy is partly in retaliation for the ongoing prosecution of the country's former president,

President Donald Trump sent out tariff letters to seven smaller U.S. trading partners on Wednesday with a pledge to announce import taxes on other countries later in the day. None of the countries targeted in the letters — the Philippines,

It's a sign that a president who has openly expressed his love for the word “tariff” is still infatuated with the idea that taxing trade will create prosperity for America. Most economic analyses say the tariffs will worsen inflationary pressures and subtract from economic growth,

President Donald Trump said on Tuesday he will announce a 50% tariff on copper later in the day, aiming to boost U.S. production of a metal critical to electric vehicles, military hardware, the power grid and many consumer goods.

"America will, once again, build a DOMINANT Copper Industry," Trump said in a post on his Truth Social media platform.