Cuba’s trade outlook may be less certain under President Trump than President Obama. Yet, the Cuban goods deficit already likely increased 43% in November vs. October, based on Panjiva analysis of trade with five countries. At $253 million it was the highest deficit since October 2015. This was due to a 54% slump in shipments to China. That was driven by lower sugar exports, though this may reflect harvest timing rather than a secular change. Cuba has been cutting its imports to compensate – they fell 3% on a year earlier, the seventh straight drop. That resulted from reduced imports of ...