President Trump’s announcement of a planned 50% tariff on all Brazilian imports has sent shock waves through the U.S. coffee industry. The proposed trade action would significantly impact coffee supplies, as Brazil currently provides approximately 30% of all coffee imported into the United States.

Brazilian companies reacted with a mix of relief and doubt after the White House surprised them on Wednesday with a list of nearly 700 exceptions to the 50% tariff U.S. President Donald Trump imposed on the country's exports from August 6.

Trump has set a whopping 50% tariff on Brazilian goods - the highest rate levied by the US on a country thus far.