President Trump's tariff threat against Brazil to protect his ally, former President Jair Bolsonaro, has sparked political turmoil in the South American country.

Consumer sentiment ticked higher in July, marking two consecutive months of improved shopper attitudes as businesses navigated President Donald Trump’s latest tariff threats targeting dozens of countries.

Donald Trump’s latest foreign policy play came crashing into Brazil on July 9 when the U.S. president threatened 50% tariffs unless the country’s courts dropped charges against his political ally, Jair Bolsonaro.