– The past week has set out the stall for US-tariff linked supply chain decisions over the rest of the summer. Current US tariff rates have been extended to Aug. 1, with high-rate tariffs promised for copper and pharmaceuticals. A trade deal with Vietnam is lacking details around the vitally important issue of transshipments — S&P Global Market Intelligence looks at what that might practically mean. A relaxation of US chip software export rules may help a forthcoming deal with mainland China.
– In the consumer goods sector, US seaborne imports dipped in June versus the year before,...