The new Mexican government may follow a trade deficit-led approach to relations with China, similar to the Trump administration’s. New steel circumvention cases provide a precedent for section 232 supply chain reactions. Liverpool’s port faces disruptions after Maersk’s arrival. Also: sales of imported autos climbed in the U.S., but imports didn’t; Volvo is retooling its supply chain as a result of American duties against China; Brookstone’s bankruptcy follows a later-than-usual peak season shipping surge; our most read research in July unsurprisingly focused on the U.S.-China t...