Orders for big-ticket items like autos and appliances surged 9.2% in March in rush to beat tariffs

Companies in March accelerated their orders for big-ticket long-lasting goods ahead of President Donald Trump’s aggressive tariffs on U.S. imports, the Commerce Department reported Thursday.

Companies in March accelerated their orders for big-ticket long-lasting goods ahead of President Donald Trump’s aggressive tariffs on U.S. imports, the Commerce Department reported Thursday.

So-called durable goods orders soared a seasonally adjusted 9.2% on the month, up from a 0.9% gain in February and well ahead of the Dow Jones forecast for a 1.6% increase. Excluding defense, the increase was even higher, at 10.4%, though the ex-transportation number was flat.

Transportation equipment orders surged 27%, led by a 139% increase in nondefense aircraft and parts. In addition to aircraft and autos, the durables category also includes items such as appliances, computers and jewelry.

In other economic news Thursday, the Labor Department reported that initial claims for unemployment insurance rose to a seasonally adjusted 222,000 for the week ended April 19, an increase of 6,000 though roughly in line with the Wall Street consensus of 220,000.

On the durables goods side, the advanced report reflects a pull-forward effect as Trump dangled threats against U.S. trading partners through March before announcing his “Liberation Day” duties on April 2. Trump slapped a 10% tariff against all imports as well as a select charges against dozens of countries that he ultimately tabled for 90 days for negotiations.