'We Will Start to See Empty Shelves'' From the Trade War, Says Apollo's Slok
May 10, 2025
110,269
1,355
475
1.66%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Bloomberg Television Episodes Around May 10, 2025
See what was published immediately before and after this episode.
6:07Now Playing'We Will Start to See Empty Shelves'' From the Trade War, Says Apollo's Slok
YouTube Description
as posted by the channelThe US trade deficit widened to a record in March as companies rushed to import products as the Trump administration readied sweeping tariffs.
The goods and services trade gap grew 14% from the prior month to $140.5 billion, Commerce Department data showed Tuesday. The median estimate in a Bloomberg survey of economists was for a $137.2 billion deficit.
The value of imports jumped 4.4% to a record $419 billion, while exports edged up just 0.2%. The figures aren’t adjusted for inflation.
Imports of consumer goods climbed by the most on record, primarily due to a surge in inbound shipments of pharmaceuticals. Imports of capital equipment and motor vehicles also increased.
The report illustrates what was likely the final push by US companies to secure goods before President Donald Trump announced expansive duties on April 2. The dramatic widening of the trade deficit in the first quarter was the key reason the economy contracted for the first time since 2022.
Apollo Global Management Chief Economist Torsten Slok explains why he believes American consumers will soon start to feel the impact of President Trump's trade war first-hand. Torsten speaks with Tom Keene and Tim Stenovec on Bloomberg Radio.
Get more on the Bloomberg Surveillance Podcast:
--------
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
Follow us on X
Subscribe to our Podcasts:
Bloomberg Daybreak
Bloomberg Surveillance
Bloomberg Intelligence
Balance of Power
Bloomberg Businessweek
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay
Android Auto
Visit our YouTube channels:
Bloomberg Podcasts
Bloomberg Television
Bloomberg Originals
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.