President Donald Trump on Thursday formalized the array of high tariff levels and trade deals he has announced in recent weeks, the latest escalation in his attempt to disrupt and reshape the global economic order.

Good morning. Donald Trump’s tariff blitz unleashes delayed shock on the global economy. Amazon trails while Apple surprises. And who says sports and politics don’t mix? Listen to the day’s top stories.

Forcing already cautious consumers to deal with higher prices as the job market weakens is a dangerous economic mix.

Four months after Donald Trump shocked the world and roiled markets by unveiling a placard full of tariff rates at the White House Rose Garden, his revisions unveiled Thursday generated a more subdued response among investors.

Also: A bipartisan plan to expand the home supply, an investment income strategy that lowers risk and advice from the Moneyist.

In theory, sturdy economic growth eases pressure on the Fed to lower interest rates, since consumers and businesses appear undeterred by high borrowing costs. If growth begins to slow, the Fed could seek to lower interest rates as a means of boosting economic performance.