Supply Chain Research

U.S. trade price inflation remained near six year highs in June with exports (up 5.3% on a year earlier) outstripping imports (4.3%) for a fourth month. While food and fuel increases remained significant export price inflation of 3.1% was the equal highest since at least 2012. The one percentage point spread should help continue to drive the trade deficit down. However a surge in imports as Chinese exporters sought to preempt 25% duties on $34 billion of products drove seaborne imports 7% higher. It remains to be seen whether American exporters did the same and whether President Trump’s ...