Brazil's economic growth will stay on track despite the imposition of U.S. tariffs, according to a Reuters poll of economists, but inflation appears at greater risk of worsening if trade negotiations flounder.

President Trump plans to levy a 50% tariff on all goods from Brazil — the source of about 30% of U.S. coffee imports. This looming tariff threat has sent shock waves through the U.S. coffee industry.

Brazil's Finance Minister Fernando Haddad said on Monday that negotiations with the United States are ongoing.

Brazil’s attorney general is seeking a probe into possible insider trading in the country’s currency markets around the announcement of US tariffs on Brazilian goods.The request follows local media reports of significant foreign exchange transactions before and after the official tariffs announcement,

President 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.

Donald Trump has proposed huge levies on Brazil, prompting an outspoken response from the CEO of Embraer, which builds vital regional airliners.

Brazil is Florida’s biggest international trading partner for buying what the Sunshine State sells, and tariffs might make orange juice prices soar.

The company, which owns Jeep, Peugeot, Fiat and other brands, said it might soon have to begin raising prices.