SAO PAULO (AP) — 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. The prices of coffee and orange juice — two staples of the American morning diet — could be severely impacted if there’s no agreement by Aug. 1.

Brazil's government on Friday (July 11) downplayed the impact of the 50% tariff US President Donald Trump threatened to impose on imports from that coun

In an interview with TV Globo, Lula explained that, for now, he does not intend to call Trump but will defend the Brazilian productive sector by opening new markets. The president noted that the American’s tone is disrespectful and that he will not accept such behavior.

The fight is rooted in years of political history between President Trump and the last two presidents of Brazil.

Brazil believes it can withstand Trump’s 50 percent tariff, and aides to Lula say he is unlikely to shrink from a confrontation with the White House.