The crash in oil prices experienced in November may lead to the slowest rate of U.S. import growth since October 2016. Import price inflation slowed to 0.7% in November from 3.3% in October. At the national level that can be seen most obviously in 0.8% price deflation for imports from Canada vs. 6.8% inflation seen in October. Deflation of 0.3% in import prices from China, from inflation of 0.3% in October, would suggest exporters are cutting prices to offset the impact of tariffs on their market share. The 4.2% rise in seaborne shipments from China to the U.S. would suggest the strategy...