Business owners and CEOs have already been set up in the inventory, and some American buyers panic in the expectation of President Donald Trump's tariffs. The sudden purchase of binge could cause an “artificially high” economic activity, said Austan Goolsbee, President of the Federal Reserve Bank of Chicago.
“This type of preventive purchase is probably even more pronounced on the business side” [was] will be more uncertainty. “
Company storage inventory and consumers accelerate their purchase decisions – purchase one Apple The iPhone can now inflate the US economy in April instead of waiting until autumn and lead to a slowdown in the coming months, Goolsbee suggested.
“The activity could initially look artificially high and then fall until summer – because people bought everything,” he said.
Sectors affected by Trump's tariffs, in particular the auto industry, will now most likely take on the inventory before the introduction of goods from other countries may continue to rise, said Goolsbee. In China, for example, many auto parts, electronic components and other consumer goods from big ticket consumers are manufactured in China, which is currently exposed to a total tariff rate of 145% for those imported in the USA.
Trump's tariffs in a crowd of other countries are currently in the middle of a 90-day break, with a tariff set of 10% instead applies to all imported goods across the board. The break will run out on July 9, and Trump commissioned a number of collective bargaining with foreign guides between and at that time.
“We do not know that in 90 days, when you have visited the tariffs again, we don't know how big they will be,” said Goolsbee.
Some US business owners who buy goods manufactured in China say they cannot afford to issue rush orders for inventory. Matt Rollens, owner and CEO of Dragon Glassware, in Granite Bay, California, temporarily keeps its products in China because the payment of the fee of 145% would force him to increase consumer prices by at least 50% and probably dry out customer demand.
Rollens has had enough in the United States to take around June and hopes that the tariffs will be rolled back by then, he said, CNBC Cay on April 11th.
Apart from short -term uncertainty and financial pain, the Fed's Governbee optimistically expressed the country's long -term economic outlook.
“If we can get through this, it is important to remember: The hard data that comes in April was pretty good. The unemployment rate [was] Around constant full employment, inflation [was] When he got down, “he said.
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