A law requiring that most materials in federally funded affordable housing are made in America is fully kicking in. But it is wreaking havoc on affordable developments. Developers are reporting delays, higher costs and hundreds of hours spent figuring out how to comply with the Build America, Buy America Act as prices soar for renters and homebuyers. Developers and housing agencies can ask for exceptions, but the Department of Housing and Urban Development has hardly been approving those requests. The process is going more smoothly for other agencies. The law's supporters say it will boost American manufacturing jobs.

A new analysis suggests President Donald Trump's tariffs could increase factory costs by 2% to 4.5%. The analysis highlights potential challenges for domestic manufacturers relying on global supply chains just as the Republican president prepares to announce tariff hikes he says will boost the U.S. economy. While the U.S. stock market shows relief tariffs aren't as high as initially threatened, concerns remain about higher prices and slower growth. Tuesday's analysis by the Washington Center for Equitable Growth warns of economic and political costs, especially in swing states with significant manufacturing sectors, like Michigan and Wisconsin.