Trade relations between the EU and the U.S. are worsening just as trade talks are meant to start, with Europe having significant capacity to apply tariffs to aerospace and oil exports from the U.S. A distillers’ grains tariff case is just part of the emerging U.S.-China trade deal. Also: China’s export bounce belies telecoms weakness even as semis shine; price deflation points to Chinese exporters taking some tariff pain; Houston heads higher on Mexican shipments, MSC does best; ONE tops the chart in Norfolk as China traffic collapses; and the U.S.-Japan talks move forward but cars are s...
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