U.S. Tariffs Drive July Inflation Surge, Impacting Markets

A recent surge in the Producer Price Index (PPI) highlights the impact of U.S. tariffs on inflation. The PPI rose 3.3% year-on-year in July, driven primarily by tariffs implemented under President Trump’s trade policies, according to latest data released by the Bureau of Labor Statistics. This marked the highest increase since February and is causing significant ripples in the financial markets.