There is "no economic factor that "justifies a measure of this size," said Ricardo Alban, head of Brazil's National Industry Confederation, to The Wall Street Journal.

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.

Brazil's government expects the 50% tariff U.S. President Donald Trump announced earlier this week on all goods from the South American country to have little impact on its economic growth this year,...