U.S. import price deflation continued in March with prices excluding food and fuel having fallen by 0.7% year over year, the fastest rate of decline since Sept. 2016. There was a 0.9% drop in import prices from China while ASEAN import prices fell 1.1%. The pace of decline in prices from China has accelerated since September and may reflect exporters bearing some of the cost of higher tariffs. The increased dollar value of Chinese exports to the U.S. in March suggests that strategy may have partly paid off, though a drop in the number of seaborne shipments suggests the effect has not bee...