⚡️🇺🇸 NEWS - Tariffs cause supply shock in the U.S.A

China-US merchandise shipments fell 60% in April.

🚢 -40% of ships en route from China to the U.S.A.

🚢 30% of shipping bookings cancelled.

🚢 80 shipping routes cancelled in April (60% more than at the Covid peak)!

Some sectors are in panic mode, notably the toy industry, 90% of which is sourced in China.

The probability of an American recession is now estimated at 50%.