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.

President Trump opted for something far bigger — tariffs.

Implementing tariffs doesn’t necessarily cause the same pain to the targeted entities, and it can boomerang back on the U.S.