Tariffs on China imports by the Trump administration led to a collapse in trans-Pacific ocean freight bookings by U.S. importers.
  • RedWeasel@lemmy.worldEnglish
    6·
    1 day ago

    I told friends and relatives in February that we’d be in a recession by the end of the year. I expected 3 quarters for it, not his first 2. 2 consecutive quarters of economic contraction are needed by the modern definition of a recession.