President Donald Trump approved assessing tariffs on about $50 billion of Chinese goods, as the U.S. ratcheted up its trade fight with Beijing. (WSJ)
U.S. retail sales soared last month in their biggest one-month jump since November. (WSJ)
The International Monetary Fund warned the economic boost from last year’s U.S. tax cuts will soon fade. (WSJ)
Canada’s Foreign Minister said discussions on the North American Free Trade Agreement could continue into the summer.
Business activity in China slowed in May, suggesting the world’s second-largest economy faces growing headwinds. (WSJ)
Two major Libyan oil ports have shut down due to armed clashes in the area. (WSJ)
Yemeni forces advanced toward the country’s main port as a clash with rebels there escalated. (WSJ)
Apple Inc. plans to produce more iPhones with cheaper liquid-crystal screens than analysts had expected. (WSJ)
Microsoft Corp. is working on technology that would eliminate shop cashiers and checkout lines, a challenge to Amazon.com Inc.’s automated convenience store. (Reuters)
Walmart Inc. opened its first “smart” grocery store in Shenzhen, China. (Chain Store Age)
Retailers are snatching up retail real estate once owned by Toys ‘R’ Us Inc., in the toy company’s bankruptcy proceedings. (CNBC)
Walmart Inc.’s bulk-retailer Sam’s Club opened a new e-commerce fulfillment center at a former Sam’s Club store in Memphis. (The Commercial Appeal)
Chinese e-commerce company JD.com Inc. has opened a fulfillment center in Shanghai that employs just four people. (Axios)
Several companies are competing to develop automated trucks for the Chinese market. (China Daily)
Swiss freight-forwarder Panalpina World Transport Holding Ltd. will acquire Argentine logistics company Newport Cargo S.A., boosting its perishables-handling business. (Air Cargo World)
The Port of Long Beach, Calif., plans to spend $695 million on capital projects next year. (Port Technology)
Cargo volume on intermodal rail reached its second-highest level ever last week. (Railway Age)
Royal Mail barred delivery drivers from displaying British flags on their postal vans during the World Cup. (The Guardian)
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