Pressed by Karl about Trump’s recent criticism of Federal Reserve Chair Jerome Powell, Hassett echoed the White House’s criticism of recent cost overruns in the renovation of the Fed’s Washington, D.C., headquarters.

Trump’s pledge to place a 50 percent tariff on all imports from the South American nation will drive up the prices of coffee — and orange juice.

Donald Trump's economic adviser, Kevin Hassett, struggled to justify the rationale for “punishing” new tariffs on imports from Brazil during an appearance on ABC’s This Week.Host Jonathan Karl questioned the rationale behind the new 50 percent tax on Brazilian goods,

Critics say the tariff on Brazil could further erode the Trump administration's credibility as it pursues an aggressive trade agenda.

The president signaled he would seek to use the threat of steep levies to reorient trade and protect his political allies.

One of the highest tariffs threatened by President Trump so far is against Brazil, with the president citing a criminal prosecution against Jair Bolsonaro.

Doubling down on his trade wars, President Trump is threatening to raise taxes on many goods from Canada and punish Brazil for prosecuting his friend.

Money managers from Aberdeen Group Plc to Franklin Templeton are staying bullish on Brazil, betting the country will withstand its unexpected turn in the epicenter of Donald Trump’s trade war. One reason: The fairly closed Brazilian economy,