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.

Brazilian President Luiz Inácio Lula da Silva's comments raise the risk of a tariffs war erupting between the two countries, similar to what has happened between the U.S. and China.