U.S. trade activity in November slowed markedly with growth of just 3.4% year over year compared to 7.8% in the prior three months. While export growth of 4.5% in merchandise outpaced imports’ 3.5% that wasn’t sufficient to prevent a small expansion in the trade deficit – the Trump administration’s key trade metric – to $49.3 billion. That was driven by worsening trade with China – U.S. exports slumped 31.0% while imports fell just 3.2% with a net difference for the month of $2.53 billion. That won’t help the mood of negotiations regarding future tariffs which are due to continue next we...