U.S. President Donald Trump has tempered his most belligerent trade threats and begun striking deals with major partners, meaning most countries won't face the punishing tariffs announced on 'Liberation Day'.

Brazil’s crude oil exports to the U.S. are facing an uncertain future as Washington prepares to impose sweeping 50% tariffs on Brazilian imports starting August 1—up from the current 10%

US President Donald Trump’s threat to slap a 50 per cent import tax on goods from Brazil has sparked anxiety in the country’s farms and ranches over the potential damage to its world-leading shipments of orange juice, coffee and beef.