Relations between the EU and U.K. have worsened in the wake of the G7 Summit meetings. Prime Minister Boris Johnson threatened “to invoke Article 16” to suspend the Northern Ireland protocol covering trade with Ireland and the EU more broadly in a disagreement over processed meat shipping standards. Aside from disrupting supply chains that could also put a trade deal with the U.S. at risk. The U.K.’s international trade activity is already in decline with a drop of 6.0% in April 2021 versus April 2019 including a 16.6% slump in imports from the EU and a 1.2% dip in exports. British meat ...