Tariff Stockpiling Risks Inventory Hangover in Manufacturing
Not every industrial company will be tripped up by tariffs, but it's hard to believe that none of them will be.
Imports of industrial equipment climbed in March as companies tried to get ahead of tariffs, raising the risk that the better-than-expected industrial demand to start the year reflects inventory stockpiling.
Photographer: Eric Thayer/BloombergThis article is for subscribers only.
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Most large manufacturers insist that tariffs won’t blow a hole through their bottom line, but costs can’t jump by hundreds of millions of dollars across the industrial supply chain without something breaking.