It shows that personal grudges rather than simple economics are a driving force in the U.S. leader’s use of tariffs.

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.

President Donald Trump announced Wednesday he planned to hit Brazil with a 50% tariff, in part due to the treatment of its former president and his political ally, Jair Bolsonaro.

President Donald Trump has sent letters to 14 countries outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1.

Instead on Wednesday, Trump continued to threaten countries with higher tariffs in the near future by publishing open letters to the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka that set new tariff rates ranging from 20% to 30% that he said he would impose on Aug. 1.