Supply chain activity and retail sales data indicate that the furniture and apparel sectors are in a state of decline, dragging total US seaborne imports down 20% year over year in February. Evidence from memory-chip makers indicates that the tech sector is still in a downturn, although a headphone manufacturer indicates that a recovery may be due. Commodity flows continue to face disruptions, with new measures by the Canadian and Turkish governments curtailing Russian flows. More positively, South Korea and Japan have settled their differences over forced labor and Australia-to-mainl...