We’ve been talking up the Trump tariffs, speculating about the impacts. Every day that passes we get closer to the painful reality...

As businesses cancel orders from China, U.S. imports continue to plummet with a 43% week-over-week drop in containers through April 28.

https://www.cnbc.com/2025/05/06/trump-tariffs-hit-us-exports-import-covid-level-event.html