President Trump signed three proclamations on July 20, to impose an additional 50% tariff on certain goods from Canada under Section 338 of the Tariff Act of 1930.

The U.S. labor market cooled in June while freight markets continue to favor carriers and capacity tightened. Raw materials remain challenging, with pressures varying across commodities.

Plus, traders await for a possible tariff on refined copper, aluminum suppliers face rising costs and lead times extend for some steel and PVC products.