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.

September arabica coffee (KCU25) today is up +11.55 (+4.03%), and September ICE robusta coffee (RMU25) is up +169 (+5.25%). Coffee prices today are sharply higher, with arabica coffee climbing to a 1.

SAO PAULO (AP) — 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. 1.