Durable Goods Orders Soar 9.2% in March as Firms Rush to Buy Ahead of Trump’s Tariff Announcement

About Durable Goods Orders Soar 9.2% in March as Firms Rush to Buy Ahead of Trump’s Tariff Announcement

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.