Apollo Global Management forecasts a severe U.S. recession triggered by recent tariffs, which will lead to widespread layoffs in the trucking and retail sectors amid rising economic uncertainty.

The economic impact of the tariffs imposed by the Trump administration will soon become apparent to everyday Americans and lead to a recession this summer, according to Apollo Global Management.

That lack of demand, Apollo projects, is likely to cause layoffs in trucking. Already, major trucking CEOs have addressed softening demand, with some downgrading earnings guidance and others ...

Inflation will soon pick up, given China is the main provider to the U.S. of numerous goods, Apollo's Torsten Slok ... we will begin to see significant layoffs in trucking, logistics, and retail ...

She declined to say how many employees worked at the two locations. When Apollo announced that it would acquire Barnes in October and take it private, Barnes — its shares listed on the New York ...