The rumored approach by CMA-CGM for Hapag-Lloyd makes some sense, though a tie-up with their respective alliance partners would be better. DP World or ICTSI are potential buyers for COSCO’s Long Beach assets. American seaborne imports soared in June ahead of new tariffs. Also: President Trump ties trade and defense policy together; Panama Canal activity has improved, due to less maintenance; Philippine trade growth is slowing and may be knocked back by the China-U.S. trade spate; China may use the tariff payments from duties applied against the U.S. to support afflicted industries; BMW i...