U.S. retail sales are recovering but importers face difficult choices as the peak shipping season gets underway. Back-to-school purchases may focus on laptops, not clothes, with Dell and HP leading a resurgence of imports. Also: COVID-22 and trade war 2.0, the outlook for Q3 and beyond; hoping for a Brexit deal, preparing for the worst; global trade troughs in May as EU slump accelerates, China recovers; China corn purchasing picks up, soybeans buying lags; DST on the G20 agenda but don’t expect a conclusion; and Japan gets the reshoring ball rolling.