🇺🇸 What’s new today

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🔍 Why it matters

Area affectedImpact .Manufacturing & consumersSteel tariff hikes may raise prices on items like canned goods by up to 15% .Strategic supply chainsDeal touches rare-earths for defense & autos, but critics say supply chain vulnerabilities remain .

🔜 What to watch next

Watch for the actual letters outlining new tariff plans over the next 1–2 weeks.

Legal developments around July 31's court hearing may determine the future of the “Liberation Day” tariffs.

A possible extension of the July 8 pause—especially for the EU, Japan, Korea—will shape the next wave of tariff activity.