– Firms have a wide range of strategies for dealing with tariffs, but the US retail sector is finding that price increases can come with a cost; but with inventory management and cost control proving limited, they may have few other tactical choices. Sony Group Corp., by contrast, has used inventory management to ensure flows of its PlayStation product.

– The EU and UK are refining their post-Brexit relations, including a proposed combination of their carbon trading schemes, simplifying the situation for steel and aluminum firms. Aside from a deal with the UK, the EU is also close...