U.S. President Donald Trump signed an executive order implementing an additional 40% tariff on Brazil, bringing the total tariff amount to 50%, the White House said on Wednesday, citing Brazil's recent policies that the Trump administration disagrees with.

President Trump unveiled a battery of new tariffs on Thursday targeting exports from dozens of U.S. trading partners, as he followed through with a disruptive plan to remake global trade. Steep tariffs on more than 60 countries are set to snap into place at 12:01 a.