April 28, 2025

U.S. tariffs may lead to trucking industry slowdown

Steve Smith

U.S. tariffs may lead to trucking industry slowdown

Economists from Apollo Global Management have issued a warning that the U.S. trucking and retail sectors are facing potential challenges due to new tariffs announced by the government.

Key points: The tariffs, including a steep 145% on Chinese goods, are expected to cause significant disruptions in the global supply chain.

Empty store shelves and reduced consumer spending are anticipated soon.
Trucking demand is predicted to drastically decrease by mid-May, with potential layoffs by late May.

What they're saying: The economists foresee a downturn in company earnings and an economic recession looming by summer.

Current actions: Companies are trying to stock up on inventory before the tariffs fully take effect, reported Apollo Global Management.

The projected effects on the economy and job market will become more apparent as these changes unfold in the coming months.

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