The White House hit Brazil on Wednesday with a 50 percent tariff and sanctions on a justice overseeing investigations into former President Jair Bolsonaro.

Now, as the 90-day pause on those and other targeted US tariffs is set to expire, Trump has raised Brazil's rate to a whopping 50% – potentially launching a trade war with Latin America's biggest economy, which sells large amounts of beef, coffee, steel and other products to the United States.