President Trump has announced he will extend the pause on reciprocal tariffs for another three weeks until Aug. 1 and impose a 50% tariff on copper. …The US imports nearly half of its copper. …The timeline for enactment of the copper tariffs is still unclear, but the market has already begun to respond with record-high prices. …Separately, the administration previously launched a Section 232 investigation focusing on whether lumber imports constitute a threat to national security. NAHB strongly disputes this notion and we filed comments underscoring that housing is a critical component of national security. …“Our housing crisis is a bigger threat to national security than imported lumber or timber,” NAHB’s letter to Commerce Secretary Howard Lutnick stated. “Lumber from Canada simply does not present the same national security threat as oil from the Middle East or steel, aluminum, rare earth minerals, or advanced computing chips from China.”