Covid-like shortages for US consumers ‘within weeks’ – The Times
2025-04-25T20:20:14Z
Shipping data shows container traffic from China to the US is collapsing
President Trump claimed he has already struck “200 deals” on tariffs with foreign leaders — even as one of America’s biggest asset managers warned that a fall in trade between the US and China will lead to Covid-like shortages within weeks.
Apollo Global Management, which manages about $700 billion of assets, said analysis of China shipping data showed container traffic from there to the US is collapsing.
The consequence “will be empty shelves in US stores in a few weeks and Covid-like shortages for consumers and for firms using Chinese products as intermediate goods”, Torsten Slok, Apollo’s chief economist, said.
• Trump: I’ve made 200 tariff deals and spoken to President Xi
The White House claims that scores of trade deals are close to completion
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