US EditionEmpty shelves, trucking layoffs lead to a summer recession in Apollo's shocking trade fight timeline
- Apollo Global Management forecasts that tariffs imposed by the Trump administration will lead to a summer recession for the U.S. Economy, with effects starting next month.
- Torsten Slok, Chief Economist at Apollo, outlined a timeline showing empty shelves and layoffs coming due to disrupted supply chains and a decline in consumer confidence.
- Mass layoffs in the trucking and retail sectors are expected due to decreased shipping volumes and declining sales, as reported by Apollo's outlook.
- Consumer confidence is dropping, with households reducing discretionary spending, impacting retail sales.
15 Articles
15 Articles
Apollo Global Management, the World’s Largest Alternative Asset Manager, Issues Warning: 90% Risk of Severe U.S.
Apollo Global Management is warning of mass layoffs across the U.S. trucking and retail sectors, triggered by the cascading effects of newly imposed tariffs on Chinese imports. In its latest economic outlook, Apollo forecasts a sharp economic slowdown that could tip the country into a full-fledged recession by mid-2025. According to the report, the trucking industry — critical to U.S. logistics and supply chains — faces significant headwinds as …
Trump's trade war means empty shelves are looming: How long until consumers feel the pain
Stories and images of empty ports on the West Coast have stoked fears that Americans will soon feel the direct effects of President Donald Trump's ongoing tariff war. And according to supply-chain experts and other analysts, they are right to be worried—it promises to be a cruel summer for consumers, retailers, and the broader economy alike. As Trump's 145% tariff on Chinese goods remains in place, with no trade deal in sight, there has already …
Truck drivers warn Americans as May shipments nosedive
Port of Los Angeles | Angel Di Bilio via iStockTrump dubbed April 2, 2025, “Liberation Day,” but U.S. truck drivers serve at the helm of the country’s economic health. As tariffs ripple through our supply chain, they’re warning Americans of impending product shortages. “From what I understand, this will be worse than the empty shelves we experienced during covid,” one remarked in r/Truckers. The conversation started three days ago, when someone …
Columbia Threadneedle Market Perspectives: Will empty shelves in the US force further pragmatism around trade? - Wealth DFM
This week’s macroeconomic review comes from Anthony Willis, Senior Economist at Columbia Threadneedle Investments, as President Trump tempered comments on Federal Reserve Chair Jay Powell and suggested a deal (to drop tariffs substantially) with China will be struck. Similar remarks were made on Europe. Financial market nerves appear to have calmed somewhat on signs of pragmatism emerging from the White House. Federal Reserve (Fed) Chair Jay Pow…
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