President Donald Trump on Thursday signed an executive order that set new tariffs on a wide swath of U.S. trading partners to go into effect on Aug. 7 — the next step in his trade agenda that will test the global economy and sturdiness of American alliances built up over decades.

President Donald Trump has signed an executive order to impose his threatened 50% tariffs on Brazil WASHINGTON -- President Donald Trump signed an executive order Wednesday to impose his threatened 50% tariffs on Brazil,

And it indicates that the fallout from Trump’s tariffs is starting to push up prices for American consumers, even before his most sweeping levies take effect. Inflation remaining stubborn even as the labor market cools will make the central bank’s task more difficult.