What Is Best In Life? To crush your enemies, see them driven before you, and to hear the lamentation of their women"

THE OPERATIC WAILING, OF THOSE WHO HAVE GOTTEN RICH OFF THE BIG-BOX RETAIL SERFDOM OF THE AMERICAN PEOPLE, HAS BEGUN

Amazon to display tariff costs for consumers

Firm Predicts ‘Empty Shelves’ And Recession By June

Apollo Global Management Chief Economist Torsten Slok on Sunday released a report outlining the timeline for Trump’s tariffs to result in empty shelves, layoffs in the trucking and retail sector and a recession this summer.

Trump announced his “liberation day” tariffs on April 2 and it takes about 20-40 days for container ships to sail to the U.S. from China, according to Apollo. Slok estimates that container ships coming to U.S. ports could come to a stop by mid May.

It then takes about 1-10 days of transit time for trucking/rail to bring goods from the ports to cities. Apollo Global Management predicts that my late May domestic freight demand will “come to a halt” and that there will be “empty shelves” with companies responding “to lower sales.”

By early June, Slok forecasts there will be layoffs in the the domestic freight and retail industries with a recession hitting the U.S. this summer.