In a statement issued Thursday evening, the White House said U.S. President Donald Trump signed a pair of executive orders that included increasing tariffs on dozens of trading partners with steep tariffs ahead of a Friday trade deal deadline, including a 35 percent duty on many goods from Canada, 50 percent for Brazil, 25 percent for India, 19 percent for Thailand and 39 percent for Switzerland, foreign media outlets reported.
Experts warn this latest move could unleash a storm of supply chain snarls, sky-high freight costs, and deepening confusion for global businesses. And back home? The magic trick is unraveling. June’s inflation just posted its biggest jump in months, scorching everyday Americans already juggling higher prices. As Uncle Sam waves a now-powerless wand, one has to wonder—what’s left in the hat?
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