Durable Goods Orders Skyrocket Ahead of Trump's April Tariffs
Durable Goods Orders Hit Highest Surge Before Tariffs
Durable goods orders have skyrocketed this March, coinciding with President Trump’s anticipated tariff announcements on April 2. This increase, primarily in transportation equipment, especially commercial aircraft, signals a changing landscape for manufacturing.
Key Highlights
- New orders for manufactured goods increased by 9.2% to $315.7 billion in March.
- Economists were only predicting a 2% rise.
- Transportation orders rose by 27%, with civilian aircraft orders soaring by 139%.
Boeing alone reported 192 new aircraft orders in March, with major contributions from companies like Singapore-based BOC and Japan Airlines.
Economic Impact of Trump's Tariffs
The heightened orders coincide with Trump's upcoming “Liberation Day” tariffs, including a 10% general tariff on imports. The total U.S. tariff rate is now approximately 25%, the highest in over a century, directly impacting global trade dynamics.
Shipping experts predict a decline following the current surge, suggesting that the global trade environment may face new challenges as sectors adapt to increased costs.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.