Brazil’s annual inflation ticked up further above target as US President Donald Trump rattled Latin America’s largest economy with plans to impose 50% tariffs on all its goods and services.

Brazil’s Central Bank released a letter explaining why the Broad National Consumer Price Index (IPCA) surpassed the target in June.

Coffee companies may try to mitigate the impact of the tariff by sourcing from other countries, but consumers will likely end up paying more for their java.