Trade concerns are already weighing heavily on U.S. business sentiment – more of the same is possible with the latest round of proposed tariff increases from the Trump administration. Export order expectations in the latest ISM survey of American businesses showed a reading of 48.1 in the July survey from 50.5 a month earlier – below 50 indicates an expected contraction. That was the worst result since Feb. 2016, though companies increasingly see tariffs as a way of life. The U.S. has therefore joined China and Germany with negative outlooks for exports. That comes as the technical trade...