John Authers, Columnist

Markets Can’t See a Recession Through the Tariffs

In all this confusion, a clearcut indicator isn’t ringing the alarm bells it should.

May 2, 2025 at 5:02 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

Cargo shipments from China have plummeted in the past month.
Photographer: Eric Thayer/Bloomberg

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