China’s latest tariff cuts cover $21 billion of products, but with only 6% coming from America it may not be a move to improve trade relations. Hapag-Lloyd has put its rates up, but not for fuel-related reasons. Evergreen has followed Hyundai MM in cutting transatlantic services. Also: Chinese business sentiment towards trade has improved; global sea- and airfreight growth climbed for a 25th month while the U.S. trade-in-goods deficit rose for a 19th month; Panasonic may simplify Tesla’s supply chain by avoiding cobalt in batteries; India’s sugar mountain is rising despite export supp...