China’s decision to temporarily cut tariffs on automotive imports helps BMW and Tesla but doesn’t change the long-term stakes in its trade war with the U.S. Pemex is struggling with port congestion. PVH is cutting its reliance on Bangladesh while H&M increases it. Also: California’s ports have seen a drop in containerized freight handling; India has postponed its steel retaliation for a fourth time; India has joined South Korea and China in suffering slower trade growth; Singapore’s port activity has slowed with oil only partly to blame; Sinopec will shortly resume U.S. oil imports; and ...
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