The drag from COVID-19 in U.S. international trade activity may be waning. U.S. seaborne imports fell by just 7.8% year over year in the first half of June compared to a 19.6% slide in May. Imports from China dipped by just 1.5% in June while shipments from Asia ex-China and Europe continued to decline at a double digit rate. Shipments of food and pharmaceuticals rose by 14.7% and 22.2% respectively. Industrial goods saw a slowing rate of decline with a 6.8% dip in June compared to 18.4% in May with electrical components and industrial machinery both improving. Consumer discretionary goo...