As we head into the peak shipping season it  appears President Trump’s widening range of import duties not yet had a marked impact on imports. Seaborne imports rose 6% in July to reach a new record despite the imposition of 25% duties on $34 billion of Chinese exports – which in aggregate rose 6% on a year earlier – from the start of the month. Imports from the EU – where President Trump has reached an apparent detente with President Juncker – rose by even more at 9%. Among seasonal consumer products it was toys which have grown the most quickly at 14% despite the absence of significa...