Tariffs Hit Hard Starting Friday

Annapolis News Today | 2 Min News | The Daily News Now! · Jun 27, 2026 · 1m

Tariffs are set to skyrocket starting Friday, August 1st, after multiple delays — no more extensions. The administration’s bold move aims to overhaul global trade, but fallout is already hitting key allies: Mexico gets a 90-day reprieve, EU and South Korea follow suit, while India and Russia-backed buyers face 100% punitive duties. China, America’s top trading partner, is close to a deal — but tensions simmer. Critics warn consumers will pay the price, while geopolitical friction, like Canada’s stalled deal, adds chaos. This high-stakes gamble could either spark a new trade era or trigger…