Police in Brazil swooped on the home and political headquarters of Jair Bolsonaro early Friday, searching the properties, ordering the former president to wear an electronic ankle tag, barring him from speaking to foreign officials or approaching embassies and prohibiting him from using social media.

Bolsonaro has been ordered to wear an ankle bracelet, stop using social media and cease communications with his son, local media reported.

President Trump is threatening Brazil with a 50% tariff, citing a "witch hunt" against the country's ex-President Jair Bolsonaro. NBC News Business and Data Correspondent Brian Cheung reports more. CNBC Senior Analyst and Commentator Ron Insana joins Chris Jansing to break down the economic impact on Americans.

The U.S. exported more goods to Brazil than it imported, contradicting Trump's usual justification for tariffs. In his letter, Trump cited the trial of ex-President Bolsonaro, calling it a "witch hunt.