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

During the period, costs for policies across all categories rose 8.7% faster than the rate of inflation.

The auto industry has been hit particularly hard by China’s rare earth export restrictions, but analysts warn Western defense giants are also vulnerable.

Cerebras CEO Andrew Feldman said his hope is that the AI chipmaker goes public in 2025 after a delay last year.