President Donald Trump's executive order from July 30 affects about $1.7 billion in annual Brazilian chemical exports to the U.S., while exempting only five products, which represented $697 million in sales to the U.S. in 2024.

Now, as the 90-day pause on those and other targeted US tariffs is set to expire, Trump has raised Brazil's rate to a whopping 50% – potentially launching a trade war with Latin America's biggest economy, which sells large amounts of beef, coffee, steel and other products to the United States.