Trump has set a whopping 50% tariff on Brazilian goods - the highest rate levied by the US on a country thus far.

What you need to know about the trade court dispute, which Trump has called "America's big case," and how it's likely to play out in the months ahead.

These tariffs are slated to affect imports from more than 60 countries, including Brazil, India and Japan, and their effects are poised to be borne heavily by U.S. consumers. According to one estimate from the Yale Budget Lab,