The U.S. trade deficit surged to a 10-year high in October as exports to China fell and imports from China surged following the imposition of bilateral tariffs. We wrap up key lessons for global trade from the FT-Finastra World Trade Symposium. Brown-Forman will need to increase prices to pass through tariff costs. Also: retailer Genesco has tried to keep a lid on the effect of tariffs; packaging maker Greif may need to sack its Chinese bag suppliers; Michaels Group is crafting a multi-pronged approach to dealing with tariffs; CBP has a plywood tariff-evasion case; China has finally conf...
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