U.S. seaborne imports fell 2.7% year over year in June, the first decline not related to the lunar new year since Jun. 2016. Imports from China slumped 9.8% year over year with rest of world imports rising 2.8%, including a 20.6% surge in shipments from Vietnam. Imports of products afflicted by a tariff increase to 25% from 10% in May saw a marked drop including a 13.9% slide in imports of chemicals and an 11.9% drop of imports of furniture. Products where tariffs were threatened – but have been delayed following the Trump-Xi summit at the G20 – saw a minor spike as companies sought to p...