Trade cycle report (6)
I believe the answer is:
peddle
'trade' is the definition.
(I know that peddle is a more specific form of the action trade)
'cycle report' is the wordplay.
'cycle' becomes 'pedal' (pedal can mean to cycle a bicycle).
'report' indicates a 'sounds like' (homophone) clue.
'pedal' sounds like 'PEDDLE'.
(Other definitions for peddle that I've seen before include "Sell (drugs or something hot?)" , "sell my wares" , "push" , "Sell from door to door" , "Promote (an idea) widely or persistently" .)