Agency: The impact of tariffs has started to show up in the U.S. March economic index
2025-04-03 15:32:03
Bill Adams at Comerica said the tariffs announced by Mr. Trump yesterday were likely to cause profound changes to prices and economic indicators, but inflation indicators for March were already showing some of the effects of trade policy. People are rushing to buy cars as consumers try to beat the tariffs, which could push up car prices. In terms of producer prices, commodity markets are already pricing in big increases in tariffs, which could be reflected in higher prices for steel, lumber and other building materials. However, the full impact of the tariffs "could take several quarters" to show up in the indicators. "March will be just the beginning."
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