The U.S. lost more in exports than China as a result of tariffs in November. DSV’s 4Q results shows a deal with Panalpina could be helpful, but won’t transform the industry. U.S. seaborne imports saw slowing growth in January, but have yet to turn around. Also: Volvo’s very well timed factory opens as tariffs rise; Vale’s woes grow as its Tubarão pellet plant is closed; Panama Canal channeled late tariff-related growth in January; the bad news is not new news for President Trump’s deficit metric; last week’s most-read research focused on our 2019 outlook event; Lighthizer’s 301 musings m...