Cargo shipments from China to the US have plummeted by as much as 60% since the US raised tariffs to 145% in early April, and thousands of companies will need to replenish inventories by mid-May.
The supply shock could lead to empty shelves, higher prices, and significant layoffs in industries such as trucking, logistics, and retail, with some economists warning of “Covid-like” shortages. Bloomberg’s Brendan Murray reports. (Source: Bloomberg)
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2025-04-28
