The markets are deteriorating, and our company's performance even more so. Competition is brutal. North American manufacturers are under pressure from imports and an incentive war is on.
The Japanese government had been criticized for prematurely deciding to resume US beef imports under strong US political pressure. As they rushed the decision, food safety for the Japanese public might have been put to danger.
The loss of short-haul heavy crude oil imports into the U.S. market is now becoming significant. None of that effect is currently in the U.S. weekly data, although it can be expected to depress imports in at least the next two weeks of data.
The main story was oil. Volumes and prices both rose in June, so petroleum imports jumped sharply.
Of what import are brief, nameless lives . . . to Galactus?
They import and they consume reality.