President Trump may reduce European Union steel and aluminum exports to the U.S. by about 10%, in a sign the bloc’s concessions to secure tariff exemptions aren’t meeting White House demands. (WSJ)
Business activity in the eurozone slowed for the fourth straight month in May and more sharply than expected. (WSJ)
Employment in America’s top steel cities has grown more slowly than for the U.S. as a whole since announced tariffs on metals imports. (WSJ)
SoftBank Group Corp. agreed to sell its entire stake in India’s Flipkart Group to Walmart Inc., clearing the way for an investment in e-commerce rival Paytm. (WSJ)
The U.S. rejected a claim by European plane maker Airbus SE that it had complied with global trade rules in a long-running battle over airliner subsidies. (WSJ)
PetSmart Inc. named a new chief executive officer as the company looks to stem a sales decline at its 1,600 stores and wring profits from its Chewy.com e-commerce site. (WSJ)
Chinese smartphone maker Xiaomi Corp. is opening stores in Europe and considering expansion into the U.S. (Bloomberg)
Alibaba Group Holding Ltd. will significantly boost sales of Japanese products at its online and physical retail outlets in China. (Nikkei Asian Review)
Michigan authorities awarded Amazon $4 million in state grants to build a distribution center near Grand Rapids. (MLive)
Television manufacturing giant TCL Corp. will spend $6.71 billion to build a new production line in Shenzhen, China. (South China Morning Post)
German container shipping line Hapag-Lloyd AG is considering staff cuts as it streamlines operations following the acquisition of United Arab Shipping Co. (Lloyd’s List)
The world’s largest crude carriers have been losing $2,100 a day on average this year in an oversupplied tanker market. (Splash 247)
Canadian Pacific Railway Ltd. is awaiting results of two contract votes this week that could leave the freight railroad facing work stoppages. (The Globe and Mail)
Separate measures for truckload and intermodal transport costs in the U.S. were at or near record levels in April. (Heavy Duty Trucking)
Flatbed trucker Smokey Point Distributing will start providing a guaranteed base salary for company drivers. (Commercial Carrier Journal)
Gartner Inc. named Unilever PLC‘s supply chain as the world’s best for the third straight year. (Supply Chain Digital)
The U.S. Postal Service is issuing scratch-and-sniff stamps with popsicle scents. (MarketWatch)
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