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Schumer's Bill to Repeal Section 338 and 122 Lands as Russia Sanctions House Vote Odds Improve; Panama Canal Cuts Squeeze TPEB Capacity
Schumer introduced a bill to repeal Section 338 and 122 tariffs, House odds improve on Russia sanctions, and Panama Canal cuts squeeze TPEB capacity.

Canada's Retaliatory Tariffs on $20B of U.S. Exports Take Effect Sept. 8; TPEB Rates Hit a Four-Year High as Panama Canal Cuts Transit Slots
Canada retaliates against Section 338 with tariffs on $20B of U.S. exports from Sept. 8, while TPEB rates hit a four-year high and Panama Canal cuts slots.

Canada Section 338 Tariff Deadline Pushed to Aug. 22, Auto and Alcohol Duties Suspended; Typhoon Dolphin Backs Up 2.4M TEU at Shanghai, Ningbo
Canada's Section 338 tariff deadline moves to Aug. 22 with auto and alcohol duties suspended, and Typhoon Dolphin backs up 2.4M TEU at Shanghai and Ningbo.

Senate Passes Bill Allowing 100% Tariffs on Russian Oil Buyers, House Vote Pending; Rhine River Drought and China Port Closures Squeeze FEWB Capacity
The Senate passed a bill allowing 100% tariffs on buyers of Russian oil, with a House vote pending, as new Section 232 polysilicon tariffs take effect Dec. 4.