In recent months, plenty of business executives have said they were taking a wait-and-see approach to President Donald Trump's broad threats of tariffs. Early holiday-quarter earnings reports show many of them were not.
Automakers like General Motors and Mercedes, French cognac makers and Italian producers of parmesan cheese and sparkling have all expedited deliveries to the United States. Commodities buyers meanwhile stepped up purchases of steel, aluminum and soybeans.
"We see companies currently front-loading their imports into the U.S.," said Patrick Lepperhoff, managing director at supply chain consultancy Inverto in Cologne.
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