Trump imposes 25% tariffs on Brazilian goods

The Trump administration said Wednesday it will impose an additional 25% tariff on many Brazilian goods, escalating a trade fight it says is rooted in Brazil's treatment of U.S. companies. Why it matters: The new policy includes exemptions for key consumer staples like coffee and beef, suggesting the White House is trying to minimize the inflationary impact on American shoppers even as it steps up pressure on Brazil over disputes involving U.S. tech firms, ethanol and more. The big picture: A…