Trade and industry are not just distorted by tariffs a la Donald Trump, but increasingly by sanctions intended to protect a political or moral principle.  • India says it will not buy Malaysian palm oil because Kuala Lumpur disagreed with New Delhi’s actions in Kashmir.  • The Chinese government and its state-owned companies have reportedly backed off on buying U.S. agricultural commodities because the House passed a bill supporting protestors in Hong Kong.  • The National Basketball Association became sanctioned in China after its general manager backed the Hong Kong protestors.  • Vietnam has band the animated movie ‘Abominable’ because it shows China owning the South China Sea...