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The economic impact of the Tariffs applied by the Trump management will soon be clear to the daily Americans, and the Apollo Global Management will lead to this summer recession.
Torsten Slok, a chief economist of Apollo, put a timeline Presentation for customers When did the impact of tariffs declared by the President Donald Trump Can hit the US economy. On the basis of the transportation clock required from China, US consumers can start to see trading shortcomings in local stores next month.
“The result will be emptyed in US stores for several weeks and for consumers, such as shortcomings and Chinese products,” he said.
Tariff for adjustment schedule:
- April 2: Tariffs have been announced, from China slowed us down from the United States
- Early in May: Containers to US Ports come to stand
- May-to-Last May: Loading request has been suspended, low-sale for empty shelves and companies
- In early May, in early June: Flooring in the field of cargo and retail
- Write 2025: Recession
Source: Apollo Global Management
In order to support the idea that the US economy is on the verge of recession, the presentation, new orders, earnings and capital spending plans include information sharply dramatically.
The Trump management took some tariffs announced on April 2, but also visited the more high tasks in China. Treasury Secretary Scott Bessent Monday CNBC “Square box“This is where the tariff in the presence of Beijing”lively. “Devices Goods from China Now they are subject to 145%.
China is not the only source of consumer goods, but plays a major role in the US economy. US was imported $ 438.9 billion worth of goods In 2024, according to the office of China, the US trade office, puts it back Mexico and above Canadian On the list of trading partners by that metric.
Many in Wall Street now says a recession for the United States likely Socks in 2025 Predictions toward more pessimist. Bessent said the management is waiting for “Detox period“For the economy due to trade talks, but not necessarily a recession.
Prior to the announcement of tariffs, a “hammer forward” was also announced, which is in the goods in the goods in the goods in Apollo.
“Still waiting for empty shelves – the stock is still growing and the demand is slow,” Aneesha Sherman, Aneesha Sherman, marked a note on Monday.
– CNBC’s Michael Bloom helped to report.
