NDR Report Download: Many businesses aren’t prepared for higher tariffs

U.S. imports spiked in the first quarter—but the story isn’t as straightforward as it seems. A closer look reveals a highly uneven pattern, with a few key items driving the surge. And while trade talks show some promise, uncertainty still looms, prompting businesses to act fast.

In the latest edition of NDR’s Hotline, we break down the surprising drivers behind the Q1 import boom—including a record jump in finished metals and pharmaceuticals—and how this lopsided growth shaved a historic 4.8 percentage points off GDP. With more distortions likely ahead, now’s the time to understand what’s really happening beneath the surface.

Thank you for your interest in this excerpt from NDR’s Many businesses aren’t prepared for higher tariffs. Download a complimentary copy of this timely and insightful report for wealth professionals by completing the form to the right.

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About Ned Davis Research
Ned Davis Research (NDR) is a global provider of independent investment research, solutions and tools. Founded in 1980, NDR helps clients around the world make objective investment decisions. Our experienced strategists and analysts use fundamental and technical research with models, charts, indicators and weight-of-the-evidence methodology to help clients see the signals and invest with confidence. NDR is headquartered in Sarasota, Florida, with offices in New York and London.