US Trade War Widens to Brazil and Canada as Costs Climb --- Trump's expanding tariff fight is bad news for US manufacturers, consumers, and the dollar, and a quiet win for China.

• The US trade deficit widened sharply as AI data centers force America to import more chips and parts, including record buying from China.
• New 25% tariffs on Brazil are expected to backfire, pushing Brazil to trade more with China and borrow in Chinese currency instead of the dollar.
• Trump is also threatening Canada over wildfire smoke, which could speed Canada's shift toward cheaper Chinese EVs and away from US carmakers.
• US factory job cuts are nearing 2009 and 2020 crisis levels as rising costs crush demand for American-made goods.
• Fresh escalation with Iran risks closing the Red Sea and Strait of Hormuz, which could send oil toward $100 and reignite inflation.

Outlook: More tariffs and Middle East escalation point to higher prices and faster de-dollarization, with something in the energy or financial system likely to crack.