American business sentiment towards international trade remained positive, but less so, in the latest ISM survey with export expectations at 55.3% (50% or more indicates expansion) being the lowest since October while import expectations fell to 54.7%. The widening tariff dispute between the U.S. and China as well as earlier duties on metals are taking their tolls. Panjiva analysis of company earnings calls show two-fifths plan price rises and one third will use supply chain retooling to compensate. The less optimistic outlook is somewhat at odds to improving sentiment in Germany and ...
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