Trump threatened a 50% tariff against Brazil, one of the U.S.’s largest suppliers of green coffee beans, starting Aug. 1.

Coffee prices on the futures market rallied since President Donald Trump's threat last week to impose a 50% tariff on Brazil, a major coffee exporter, starting Aug. 1. That's a big worry for [consumers who already saw a 2.

"It’s all going to be the same for everyone," the president told reporters of the U.S. duty those countries will face.