Companies rushed to place durable goods orders in March to get ahead of Trump’s incoming tariffs, according to CNBC. Durable goods orders rose 9.2% in March, a sharp increase from February’s 0.9% gain and well above the 1.6% forecast. Orders surged in March due to companies pulling forward purchases ahead of Trump’s April 2 tariff announcement and temporary trade negotiations. A Federal Reserve report said companies adjusted to anticipated Trump tariffs by making early purchases. The Beige Book noted a rise in vehicle sales, driven by efforts to avoid future price hikes.
Be the first to comment