U.S. retail sales recovered in aggregate in May, but sales of apparel continued to slide. Most retailers already cut imports, but potentially not by enough. We examine Honda’s supply chain in the wake of a recent cyber attack. Also: Volkswagen’s COVID-19 recovery in Mexico on hold; Guess has to work out how to tackle customer traffic, China sourcing challenges; China’s Belt-and-Road faces chill wind from trade subsidy investigations; down in the WTO weeds, dumping hurdles grow; record breaking U.K-Australia deal could mimic CPTPP to assure fast delivery; Cars carry burden of Japan’s trad...