Tuesday’s Mini-Report, 7.21.26

Today’s edition of quick hits. * Pete Hegseth’s new price tag for the war is still understating matters: “In response to a question from Sen. Dick Durbin, D-Ill., Hegseth said the Iran war has cost the U.S. an estimated $37.5 billion. That estimate reflects anticipated costs through the end of September, Hegseth said. That’s more than $8 billion more than the Pentagon’s top budget official told Congress the war cost back in May.” * No one will benefit from this: “President Donald Trump signed three proclamations imposing an additional 50% tariff on certain Canadian goods, the White House announced on Monday. … The new tariffs will apply to all covered Canadian goods regardless of whether they qualify for duty-free treatment under the U.S.-Mexico-Canada Agreement.” * It’s a safe bet that th