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Hello from CNN, I'm Joe Beck, with the five things you need to know for Thursday, May 1st.

The countdown to supply shortages and higher prices has begun, with the last boats from China

without crippling tariffs arriving at U.S. ports. Cargo ships loaded after April 9th will carry

with them the huge 145 percent tariff that President Donald Trump slapped

on goods from China last month.

Chief economist for Apollo Global Management, Torsten Slack, told CNN he's predicting

container ships to the U.S. will stop within the next few weeks.

We have been seeing canceling of orders of containers, and as a result of that, we will ultimately,

if we remain at these levels of tariffs, see empty shells across the country, simply because

we cannot get the goods into the U.S.

And according to the National Retail Federation, imports into the U.S. during the second

half of 2025 are expected to fall at least 20 percent year over the U.S. during the second half of 2025 are expected to fall at least

20% year over year. The decline from China in particular will be even worse, with J.P. Morgan

expecting a 75% to 80% drop in imports from there.

The Trump administration has spoken with Libya and Rwanda about possibly

sending them migrants in the U.S. with criminal records. That's according to multiple sources

familiar with the talks. And with the details, here's CNN's Priscilla Alvarez.

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