U.S. seaborne imports in June saw their first non-seasonal decline since Jun. 2016 – tariffs are largely to blame with shipments from China down 9.8%. BASF has blamed its earnings downgrade on the indirect impact of the trade war. Also: Fastenal margins tighten despite duty-driven price rises; China buys less from the U.S.; rising deficit raises tariff imposition risk; China’s telecoms crown tarnished as Apple, Samsung expand in India; Australia’s resilience versus trade war may prove fleeting; Jaguar, Honda part of the problem as British exports decelerate; four trade deals that are in ...