The latest data from China shows that its trade surplus vs. the U.S. has continued to expand, which won’t help talks to avoid a trade war which are due to restart next week. The effectiveness of President Trump’s metals tariffs have been limited, so far. Our assessment of U.S. inbound shipping shows long-term growth may have come to an end. Also: the threat of duties on carton-closing staples hasn’t worked though solar panel duties have; the Mexican and Brazilian automotive export industries remain robust; Xi and Kim meet, and need to address trade relations; an Iran nuclear deal decisio...