New Tariffs Announced on Canadian Building Products—and Levied Against More than 80 Trading Partners – The White House announced a 50% tariff on certain Canadian imports under Section 338 of the Tariff Act of 1930. …The temporary 10% global tariffs imposed under Section 122 expired July 24. USTR replaced them with new Section 301 duties of 10% to 12.5% on imports from 60 economies.

Census Bureau Report New Residential Sales in June – Despite ongoing affordability challenges, new-home sales posted a modest increase in June.

Greer Outlines Trade Agenda Before Senate Committee – US Trade Representative Greer defended the continued use of tariffs and negotiated trade agreements to support domestic manufacturing, increase exports, and reduce the trade deficit. 

Congress Faces Crowded Agenda Before Midterms – The House has begun its five-week August recess, while the Senate is scheduled to remain until August 7, leaving lawmakers with a narrow window to address the list of priorities before campaign season accelerates.