Bloomberg
If you look at most of the official hard data right now, there still isn’t much evidence of a sharp downturn. Sure, all the surveys are abysmal, but the actual measures of economic activity are doing fine. But there is already data showing something severe is happening, and that can be seen in the volume of cargo flowing from China to the US. Of course, this is intentional. This is the whole point of tariffs. But the fear is that this is going to be acute and dramatic to consumer companies, and that it will happen very soon. On ...