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Trump's tariffs impact the economy, and wholesale prices in the United States have surged significantly.
On August 14, the wholesale prices in the U.S. surged in July, rising 3.3% year-on-year, marking the most significant indication yet that President Trump's tariff policies are permeating into the U.S. economy. The PPI year-on-year recorded its largest increase since February of this year. This index tracks the charges that domestic producers in the U.S. impose on their goods and services. This data is far higher than the 2.4% year-on-year increase in June and the 2.5% increase anticipated by economists surveyed. The yield on two-year U.S. Treasury bonds, sensitive to interest rate expectations, and the dollar both rose after the PPI report was released. (Jin10)