FedEx reported lower-than-expected revenues and earnings in part due to the U.S.-China trade war – a successful phase 1 deal is needed to ensure a recovery. Boeing’s pause in producing the 737 MAX may put the phase 1 U.S.-China trade deal at risk. Also: Costco cuts imports from China now that tariffs are a business-as-usual affair; Textron gets respite from trade war tariffs, still cutting imports from China; Electrolux restructuring delay visible in slowing component imports; light for tech, shade for trade generally as Japan’s export slump extends; hurdles for phase 1 trade deal alread...
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